«We are beginning to see some deterioration in
the credit quality of oil and gas loans to borrowers that used high volumes of debt to finance their growth over the past several years,» Grant Wilson, director of commercial credit for the OCC, said in an interview.
«We are beginning to see some deterioration in
the credit quality of oil and gas loans to borrowers that used high volumes of debt to finance their growth over the past several years,» Grant Wilson, director of commercial credit for the Office of the Comptroller of the Currency, a banking regulator, told Bloomberg in an interview.
Not exact matches
Although
credit quality outside
of CWB's portfolio
of oil and gas loans remained stable, higher provisions for
credit losses resulted from losses recorded against
oil and gas loans.
The energy and materials sectors have been the sore spot for the high yield market, given the anxiety over
credit quality, as current low prices in
oil and commodities, along with a Fed increase in rates, may be a cause for concern for future earnings and the cost
of capital.