European standard prices stayed below 2% based on Debtwire Par, primarily as a result of government that is subsidized and loan guarantees.
Companies boost liquidity
The IMF forecasts a 4.9% contraction in global growth and GDP of -8% in advanced economiesвЂ”default rates remain significantly lower than the 10%-plus levels observed in 2009 following the global financial crisis while COVID-19 has had an immense impact on global economiesвЂ”for example.
Inspite of the disruption to money areas, borrowers could actually move to their 2008 recession playbooks for success methods, in addition to more present document innovations, fueled by the prevalence of cov-lite and incurrence covenant structures. Organizations relocated quickly to shore up liquidity by drawing down on revolving credit facilities and, in many cases, had the ability to tap high yield relationship markets post-lockdown for extra financing. More