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covenants, in order to monitor financial performance and borrowers may seek a short lived loosening of such covenants in order to alleviate pressure throughout this period of uncertainty, notably if long term projections of underlying firm performance remain robust. COVID-19 could have a major influence upon the ability of borrowers to meet their obligations underneath their existing funding preparations. This could significantly be the case for borrowers whose earnings derive from industries which have been most impacted by measures imposed by the

 

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