Moody’s: Coronavirus stimulus will less economic pain, but credit climate will remain difficult

Healthcare Finance News April 10, 2020
Jeff Lagasse

The funding is unlikely to fully compensate providers for the revenue hit caused by cancelled elective surgeries and by labor and PPE costs.

The $2.3 trillion CARES Act follows other fiscal and monetary measures that the U.S. government has taken to address the COVID-19 coronavirus crisis and the resulting economic fallout. While the federal aid package will provide some relief to households, businesses, states and local governments, Moody’s Investors Service expects credit conditions will likely remain difficult for many public and private debt issuers over the coming months.

Combined with other fiscal and regulatory actions, the rescue package should help to contain some of the economic damage and help with recovery once the pandemic is under control, the report found....

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