I'm not going to answer your question, but I'll just comment that moral hazard is real. Debt financing is not required to operate a business, but when liquidity is guaranteed through a lender of last resort companies will inevitably leverage their balance sheets far beyond what is justified by the underlying risk of the business.

Also, is it really accurate to call a company "clearly creditworthy" if a 2-3 month gap in cash flow results in bankruptcy? Surely the CFO can get down on his knees and find some spare change under the couch cushions to get through this.