The CCFF provides temporary direct support to investment grade firms with short-term cash-flow problems, and is designed to ensure that firms accessing government backed CCFF financing are able to repay.
To ensure the CCFF continues to meet its objectives, the Treasury has introduced a new access review process. Under which, the Treasury will continue to assess the credit quality of firms in the CCFF and, from today, will also ask firms to provide an up to date credit rating when requesting financing from the scheme. Where the firm's credit rating has dropped below investment grade, the Treasury will ask
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
