Credit - Energising credit

Traditional credit instruments can be used to mitigate credit risk in the energy sector, despite the unique risk management challenges, says Chris Coovrey

The energy sector has undergone enormous changes in the last few years. Along with changes in the marketplace, a greater emphasis is now placed on understanding the credit portfolio associated with day-to-day energy transactions. Credit novation has also seen great changes in scope and depth in the last decade. One would think it would be easy to use today's credit research and knowledge in the energy sector. Sadly, it seems an especially hard task because most traditional credit instruments are

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