Here, S&P Global Ratings provides answers, in summarized form, to common questions about how it considers government support, forbearance, and corporate liquidity in times of credit stress through the application of existing criteria, criteria guidance documents, and ratings definitions. This article, in question-and-answer (Q&A) format, therefore reflects S&P Global Ratings’ current criteria, criteria guidance documents, and ratings definitions, as applicable.

The first section addresses our analytical approach to assessing forbearance and debt exchange offers, while the second section discusses our analytical approach to government support.

Please note that this Q&A document is neither criteria nor a criteria…

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