The nature of credit risk in project finance

The nature of credit risk in project finance

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The nature of credit risk in project finance

BIS Quarterly Review | 06 December 2004by Marco SorgePDF full text (66kb) | 12 pagesIn project finance, credit risk tends to be relatively high at project inception and to diminish over the life of the project. Hence, longer-maturity loans would be cheaper than shorter-term credits.JEL classification: F34, G12, G28, G32.About the authorMarco SorgeMore from this author

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