3 Things in Credit: June 18, 2021

In this week's episode, KBRA Chief Strategist Van Hesser discusses:1. One of the consumer lending business’ most insightful minds is warning that losses have been deferred through the pandemic and credit underwriting models need to discount the pandemic era loss experience. 2. The West is experiencing its worst drought in at least 20 years, something likely to hit exposed sectors over the course of the summer. 3. A far greater percentage of companies are in financial and/or operational distress than you might realize, and having quarterly economic growth go from 10% to 3% over the next year is not likely to help.