Recovery in the Energy Sector: A View on Default Risk and Credit Quality

This closing session will focus on the application of Moody’s Early Warning methodology in the oil/energy sector. As part of this discussion, we will look at the behavior of probability of default for energy companies under macroeconomic stress, with emphasis on a recovery scenario. We will round out the presentation by discussing rating risk for energy firms, in terms of how the upside might differ from the oil-crash downside.