51. Freeman said the mayor wanted cash up front or a surcharge on energy sales to cover the credit risk. 52. Ginnie Maes are pools of mortgages backed by the Government National Mortgage Association, which provides a government guarantee against default and eliminates credit risk. 53. Ginnie Mae funds carry no practical level of credit risk. 54. How do the two reduce credit risk in what, despite its tame interest-rate exposure, is still a junk-bond fund? 55. How much of those spreads can be attributed to currency risk and how much is driven by investor perceptions of credit risk can be seen in the Eurobond market. 56. In addition, there are credit risks or the risk of either party to fulfill the contract. 57. In fact, he favors the bonds of relatively vulnerable companies toward the bottom of the investment grades, which offer high yields with little current credit risk. 58. Increased commission and trading income and a boost from SBC Warburg, its investment bank, outpaced higher provisions for Swiss credit risks. 59. Instead, Cuba, a considerable credit risk, must either persuade a foreign bank to lend it money or pay cash. 60. Investments will be limited to the highest rated commercial paper, Ms. Collier said, so credit risk is minimized. |