Paycheck Protection Program Provides Much-Needed Relief to U.S. Small Businesses, But Is It Enough?
DBRS, Inc. (DBRS Morningstar) published a commentary reviewing the new Paycheck Protection Program (PPP), providing relief during the Coronavirus Disease (COVID-19) crisis. Banks have an important role to play in implementing the new PPP. The PPP provides $349 billion in guarantees on loans to small businesses, which are a major source of jobs and job creation for the U.S. economy. These loans would be fully forgiven, if the funds are used for payroll costs, mortgage, rent, and utility payments during the coronavirus crisis.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.