Introduction - New frontiers in credit
Six years after the Enron debacle, credit risk is still an evolving issue in the energy markets. Many of the credit risk policies developed over the past few years were put to the test by last autumn's soaring energy prices. And with so many banks and hedge funds entering the market, credit professionals must get to grips with a whole new set of potential counterparties.
The good news is that credit quality in the energy sector is improving, and so credit risk policy can be developed in
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