...Fitch Ratings estimates that EMEA banks have at least EUR#,###bn in lending commitments to the corporate universe. In light of their finite yet recently enhanced capital bases, the agency believes banks will be compelled to prioritorise limited capital resources, potentially to the detriment of long\##term corporate borrowers, as banks absorb existing known losses and provision for #### s worsening economic environment. To date, for their forms of external liquidity, corporates have relied upon the tangible financial headroom provided by committed revolving credit facilities (RCFs) and the intangible promise of relationship ba nking assumed o n the basis of banks past willingness and ability to fund companies experiencing financial s train. Yet the banking world has changed. Issuers and investors are now set to determine to what extent relationship banking may give rise to political lobbying as governments, which have recently...
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