Assessing counterparty risk at private companies in energy industry A descriptive survey of credit models

There are different ways of managing credit risks for different companies: for financial institutions the mechanisms of handling credit risk issues are mainly embedded in various credit derivatives, while for non-financial companies those are mostly involved in the legibly formulated contract terms. At the same time, however, we are observing erasing the conceptual distinctions between financial and nonfinancial companies due to the same more competitive environment and globalization processes. ...