Loans market defiant as Moody’s frets over faltering economic recovery globally

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By Mike Turner
26 Nov 2020

Moody’s has issued a stark warning on the precarious position of corporates if there is another mass outbreak of Covid-19 that slows economic recovery. But senior lenders say the syndicated loan market is once again ready to provide liquidity at short notice.

The fight against Covid-19 looked to have turned a corner in recent weeks with the announcement of three separate vaccines performing well in clinical trials.

However, Moody’s warned that resurgent coronavirus infections that slow an economic recovery “would strain non-financial companies still reeling from the sharp downturn in early ...

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