Corporate Credit
Energy
In the past what has caused the banks to decrease RBLs for HY issuers?
Overall, since the mid-1990s (start of reliable data), lenders have seen ... dislocations like this one. The second
reason banks haven't taken losses on these RBLs is that internal reserve
engineers also take a additional discount to the already discounted ... losses in the types of products banks are generally
reluctant to materially reduce the RBLs of E&P especially during dislocations
like the one we are seeing in oil right