Rig count no longer a reliable bellwether for risk in oil and gas services lending
· dallasfed.org
For decades, commercial lenders relied on a simple rule when evaluating credit risk in oil and gas support services: follow the U.S. rig count. But a portfolio classification of oil and gas support services now encompasses businesses with radically different risk profiles.
Rig count no longer a reliable bellwether for risk in oil and gas services lending
SungJe Byun and Mario A. Gonzalez
For decades, commercial lenders relied on...