My tweets on debt to equity conversions in times of a pandemic

Debt to equity conversions

With so much corporate debt in danger of being pushed down by COVID19 into junk rated territory, both debtors and creditors might need massive debt to equity conversions, in order to buy the time needed to reactivate assets, before these also become junk.

What companies merit help?

For highly indebted companies, whether they are important and viable enough to merit help from taxpayers, from money printers or from banks, by grants and not loans, the proof in the pudding is in first seeing hefty debt to equity conversions.

Dividends? Buybacks?

How much of the investment grade rated bonds that have been downgraded to junk should have to be converted into equity so as to have the remainders of those bonds recover an investment grade rating?

Credit rating agencies, please answer: 

How much of the investment grade rated bonds that have been downgraded to junk, should be converted into equity so as to have the remainders of those bonds recover an investment grade rating, and all before company assets also become junk?

Airlines

How much of airline’s debts should be converted into equity in other to safeguard assets for the benefits of creditors and shareholders alike? 

I mean before some hungry profiteering bankruptcy lawyers move in and turn everything into junk/scrap.

Taxpayers help?

In highly indebted companies, whether they are important and viable enough to merit help from taxpayers, the proof in the pudding is in first seeing hefty debt to equity conversions.