2023 Commercial Credit Quality Remains Resilient But Continued Normalization Likely in 2024

Publisher: Automated Financial Systems, Inc. -- AFS

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2023 Commercial Credit Quality Remains Resilient But Continued Normalization Likely in 2024

2023 can be characterized as a year of gradually weakening commercial credit quality. While borrower performance has remained largely resilient, the full effects of the Fed’s historic rate tightening cycle have almost certainly not been fully felt throughout the economy.

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