2 ms·
They're suddenly rated junk because they have become junk -- i.e., no longer as creditworthy. Otherwise I agree: this is urgently necessary.
by cs702 7y ago
They're suddenly rated junk because they have become junk -- i.e., no longer as creditworthy.
Otherwise I agree: this is urgently necessary.
- whatok 7y agoRight, but there's a massive difference between the broader high yield universe that would definitely see some credit losses pre-Corona vs recently downgraded companies that would likely be okay without this. These facilities were created to triage, not resuscitate.