Is COVID-19 the New 5th ‘C’ of Credit?

Is COVID-19 the New 5th ‘C’ of Credit?

Most borrowers and lenders are familiar with The 5 ‘C’s of Credit. These are basic guidelines that lenders use to evaluate loan prospects or grade credit investments. Historically the fifth ‘C’ (or “conditions”) has been the most ambiguous category of all, serving as a catch-all designation for lenders who seek to quantify any superseding factors of […]