Since the lockdown took hold across Europe, companies have been bolstering liquidity to sustain the unprecedented economic impact being caused by the COVID-19 outbreak.
Government stimulus packages have been hastily launched to shield whole sectors of the economy from collapse, such as the UK’s £350bn loan guarantee scheme. Meanwhile, credit worthiness continues to decline, with higher leverage becoming a concern for the most indebted. The question facing companies is whether balance sheets can withstand the rate of cash burn and revenue decreases before intervention from the public sector takes effect.
Time to Login to the Virtual Briefing
Live Virtual Briefing Starts
In this live virtual briefing, we take stock of the response to date in Europe’s major economies and consider the areas where financial stress is of greatest concern, including:
- Bolstering liquidity; the scale and means by which companies are accessing cash
- Distressed watchlists; outlook for the industries that present restructuring opportunities
- What effect will economic stimulus in Italy, Spain, UK and Germany have?
- How will restructuring have to be facilitated in an era of remote-working and social distancing?
Send your questions to the panel using the post box in the live feed.
An error occurred trying to play the stream. Please reload the page and try again.Close