Managing credit risk - Escaping credit risk
Managing credit risk is now one of the most pressing issues in energy trading. Britta Berlinghof, senior credit officer at Nuon, looks at implications of the 2008 crisis, and suggests some best practices in managing credit risk
The events of 2008 will enter not only the history books of the financial community, but will remain in collective memory as the financial crisis of unprecedented magnitude. Economic growth is declining in a number of countries while recession is starting in others. Economic indicators point towards things getting worse at least for the first half of 2009 before they will start getting better. At the heart of the issue is credit - an issue that has always been central to capital-intensive energy
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