Enron collapse a test, not threat, to credit market
Enron’s bankruptcy may be the biggest test of the credit derivatives market to date. But when the dust settles, its most profound effect may be on credit investors’ preference for managed portfolio transactions. Rob Dwyer reports
But as the total value of credit derivatives relating to Enron, either as a reference entity or counterparty, is slowly revealed, the overriding market sentiment seems to be one of relief. “Rather
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