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Because the coronavirus pandemic paralyzes the nation, some firms want billions of {dollars} to pay the payments.
The nation's largest funding banks say they're prepared and keen to provide it to them. Which means the largest company ache will not be felt from a short-term squeeze. It's going to doubtless come later.
Leveraged-finance bankers who spoke to CNBC from among the largest Wall Road banks say stress assessments and the capital necessities imposed on them by the Dodd-Frank Act within the fallout of the Nice Recession put in place a money cushion that prepares them nicely for the large quantity of liquidity firms will quickly demand.
Chapter bankers, meantime, anticipate the larger carnage to come back later, after the influence has been absolutely absorbed.
Essentially the most imminent downside is for journey, leisure and hospitality firms. Airways and cruises, specifically, have seen their bookings dry up however not the prices of managing and proudly owning their gear.
Carnival's Princess...
Supply cnbc.com