UK non-banks consider corporate ratings to win Covid support

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By Tom Brown
15 Sep 2020

Non-banks lenders may seek corporate ratings in order to receive support from the UK government after finding it difficult to access financial aid during the Covid crisis, said RMBS players speaking during Global ABS 2020.

“It was very difficult for us to access some of the other schemes which required a rating, and maybe a change going forward is that entities like us will increasingly seek out corporate ratings in order to support alternative sources of funding,” said Alex Maddox, capital markets and ...

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