Pages from Week_in_Review 03.27.20 - Final

We offer a “first take” on the government stimulus bill. Importantly, there may be room for helping our borrowers. Second, we recap a rebound in the secondary markets. (Fingers crossed.) We discuss “COVID-19 and Credit Agreements,” and what we should expect in the coming days. We flag recent activity from the rating agencies – and how government stimulus might affect ratings actions. Finally, we note that while we are all working constantly on market functioning, we cannot assume that COVID-19 pushes out the LIBOR cessation date. But we’ll come back to that in a few weeks. (Fingers again crossed).

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