Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

They're suddenly rated junk because they have become junk -- i.e., no longer as creditworthy.

Otherwise I agree: this is urgently necessary.



Right, but there's a massive difference between the broader high yield universe that would definitely see some credit losses pre-Corona vs recently downgraded companies that would likely be okay without this. These facilities were created to triage, not resuscitate.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: