Fitch ratings agency says loan portfolios are likely to deteriorate as relief programmes and forbearance by regulators come to an endThe pandemic-induced hard lockdowns implemented across the world led to unprecedented restriction on economic activity with disastrous consequences for the ability of consumers and businesses to service their loans.
In response, banks across the emerging world implemented a range of measures designed to temporarily suspend the obligations of borrowers as they attempted to navigate the uncertainty and impact of Covid-19...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.