April 9, 2020 - The Loan Syndications and Trading Association (“LSTA”), the trade association for the $1.2 trillion corporate loan market in the United States, today applauded the decision by the Federal Reserve to take additional actions to provide up to $2.3 trillion in loans to support the U.S. economy. According to the Fed’s announcement today, the funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.
Commenting on the Fed’s announcement, Lee Shaiman, the executive director of the LSTA said, “Upon preliminary review, we are happy to see that the Federal Reserve is helping companies of all stripes access the financing they need to get through the Covid-19 crisis. The Fed’s action is critically important for the millions of workers these companies employ.”
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