The implementation of IFRS 9 may make loans more expensive for borrowers as it requires financial institutions to set aside more provisions for expected credit losses. This can result in higher borrowing costs for companies. Additionally, the increased transparency and risk sensitivity provided by IFRS 9 may make it more difficult for companies with weaker credit profiles to secure loans.
In terms of the relationship between borrowers and financial companies, IFRS 9 may lead to a shift in the way that these companies assess and manage credit risk. Financial institutions may be more cautious in extending loans to companies with weaker credit profiles, which could lead to a reduction in the availability of credit for these borrowers.
However, it is important to note that IFRS 9 is designed to improve the transparency and accuracy of financial reporting, which can ultimately benefit both borrowers and financial companies by providing a more accurate picture of a company's creditworthiness.
Overall, the impact of IFRS 9 on the relationship between borrowers and financial companies will depend on how the standard is implemented and how companies adapt to the new requirements. It may require some adjustments in the relationship and the way financial companies conduct their assessment of credit risk and pricing of loans.