EXIM Reports Third-Quarter Default Rate to U.S. Congress, Underscoring Agency's Commitment to Protect Taxpayers
September 30, 2020
September 30, 2020
WASHINGTON, Sept. 30 -- The Export-Import Bank of the U.S. issued the following news release:
The Export-Import Bank of the United States (EXIM) has reported to Congress a 0.531 percent fiscal year 2020 third quarter default rate, as of June 30, 2020. Previously, EXIM reported a 0.473 percent default rate as of March 30, 2020. The small increase reflects the economic slowdown caused by the COVID-19 pandemic. EXIM's default rate remains well below the 2 percent statutory cap.
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The Export-Import Bank of the United States (EXIM) has reported to Congress a 0.531 percent fiscal year 2020 third quarter default rate, as of June 30, 2020. Previously, EXIM reported a 0.473 percent default rate as of March 30, 2020. The small increase reflects the economic slowdown caused by the COVID-19 pandemic. EXIM's default rate remains well below the 2 percent statutory cap.
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