# Professor Joseph Foudy explains why auto suppliers may see a spike in probability of default during COVID-19 pandemic

1 Faculty News April 30, 2020 ![S&P Global logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/S%26P%20Global%20logo%20190%20x%20145_0.jpg?itok=PbUQ72SL)>

Excerpt from [S&P Global](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/auto-suppliers-see-spike-in-probability-of-default-during-covid-19-pandemic-58356791) -- "Policymakers also want to keep the auto industry afloat, but that usually means the major automakers, not the suppliers, said [Joseph Foudy](https://www.stern.nyu.edu/faculty/bio/joseph-foudy), an economics professor at New York University's Stern School of Business."

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