When the financial markets come under stress and the U.S. enters a recession, credit
analysis always comes back to the forefront and is the most important consideration
of investors. This is where we find ourselves now in the aftermath of COVID-19
becoming a global pandemic that has effectively shut down much of the global
economy.
One scary fact is that prior to COVID-19 becoming a pandemic (as of the end of 2019),
the percentage of U.S. publicly traded companies that lost money in the prior 12
months...