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Old 9th May 2020, 11:51
  #624 (permalink)  
SWBKCB
 
Join Date: Apr 2003
Location: Northumberland
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"Bailed out" is a blunt term - what they've applied for is a government backed loan to help with temporary cash flow disruption

https://www.bankofengland.co.uk/news...ncing-facility

The facility is open to firms that can demonstrate they were in sound financial health prior to the shock, allowing us to look through temporary impacts on firms’ balance sheets and cash flows from the shock itself. This means companies that had a short or long-term rating of investment grade, as at 1 March 2020, or equivalent.
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