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Now the virus for Audi's being felt particularly in the high yield on the loan market which has been completely shut for a month now that's left bank stock with billions of that lake called bring to market at the same time let investors have jumped one point seven billion in assets recently looking for legal ways to get out of work commitments for more on this we're joined by touch Jana dot EA Bloomberg's leveraged finance reports touch on the good morning to you now how is the market being affected by this morning Roger world we've obviously seen the followed across credit markets but this particular corner that the high yield and leveraged loan market has been probably the most hardest hit because the total shock we haven't seen any fuel pricing or coming to market there for about a month now and if you look at the yield on non D. sub investment grade companies but the call junk rated companies that have tripled the nearly three percent up from about that has tripled to nearly nine percent sorry from about three percent a month ago so the borrowing costs have Thursday and that is effectively keeping the company away from my credit markets at the moment and that we're hearing from sources that they're they're not expected to open anytime soon yeah I know this is this is such a huge concern because if something goes wrong in these markets it has massive ramifications you know as it did back in the two thousand eight nine crisis but one of investors saying about the central bank stimulus helping this particular corner of the market that so vital Caroline because we think central banks coming out with the you know grammar is very big the most packages and a promising to buy investment grade so they're if they're doing a lot for that particular sector but this one is not benefiting as much as can be directly but investors are hoping that at least that the measures that they put out the lightning program sends out the steps that the government are doing can help companies with things like getting breaks on their payroll taxes getting breaks on their rental agreements and that would effectively reduce our cost structure up by about sixty percent one investor told me so they're hoping this company can officially go into a deep freeze for a few moments and then it sort of come back to life with their you know liquidity not being impaired and you know with their financial health still was still in place the like it was before the crisis so that's the hope there much damage control of possible with the measures that are put out by the central bank the by the government yeah I touched on briefly finally what options do investors have to say well if they wanna get out of commitments like leverage lines like this and for something like leveraged loans which are a little bit more in the way to look at more complicated there's really not a lot of other good options there but one way and wanting a particular class investors have been looking at is known as the material adverse change or the mac but the problem there is that it's very very hard to prove in court particularly and as the analyst with common interests you have told us this experience clear a further a crisis if there are calling about a specific will qualify as a temporary or as a permanent sort of impact on the company so that's why it's one but they're looking at but it's unclear how many will will go with invoking it okay thank you so much for joining us this morning testimony at Daria is pretty bags leverage finance reporter for delving into the markets for spring else that needs it is the big day break your way live.