Not because they were badly managed and on the verge of bankruptcy, but because they often find it harder to access credit. And here I am thinking in particular of small and medium-sized enterprises and self-employed persons.
This is also why the ECB decided very recently together with all the 19 national central banks of the euro area, to accept collateral, , with no lower limit. Previously loans above a certain threshold were taken. Here we are saying that all loans to households, self-employed persons and SMEs and large enterprises, are all accepted for ECB refinancing.