Macro Shock Scenario

A stress-testing scenario mode that models a deal's performance under a broad macroeconomic disruption — a rate shock, a demand collapse, or a systemic credit event — rather than an asset-specific downside case.

Macro Shock is typically the most severe of the standard scenario tiers (Base, Stress, Bear, Macro Shock), used to answer what happens to this deal, and this portfolio, if the broader environment turns, rather than what happens if this specific tenant leaves. Running it consistently across every credit in a book, not just the ones that already look risky, is what makes it useful as an early-warning tool rather than a one-off exercise.