The Nature of Credit Risk in Project Finance
World Bank Group - International Finance Corporation
December 1, 2011
BIS Quarterly Review, December 2011
In 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.
Number of Pages in PDF File: 12
JEL Classification: F34, G12, G28, G32Accepted Paper Series
Date posted: September 5, 2012 ; Last revised: September 29, 2013
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