A group of 11 U.S. Senators is calling on the Trump administration to make loans accessible to domestic energy producers in an effort to protect American jobs associated with the industry.
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Articles from Loans
Fed Finds Mixed Concerns Among Banks About Oil/Gas Industry Loans
Bankers across the country expect that some loans made to the oil and natural gas industry could deteriorate this year and lead to more charge-offs, which has prompted increased monitoring of impacted borrowers, particularly in regions that rely more heavily on energy-related lending.
Fed Finds Mixed Concerns Among Banks About Oil/Gas Industry Loans
Bankers across the country expect that some loans made to the oil and natural gas industry could deteriorate this year and lead to more charge-offs, which has prompted increased monitoring of impacted borrowers, particularly in regions that rely more heavily on energy-related lending.
GE Unit Offering Loans for Development Drilling
GE Energy Financial Services, a unit of GE, said Monday it is expanding its oil and gas reserves investing business by offering loans for development drilling.
S&P Lifts CreditWatch on Dynegy
Based on the successful completion of two revolving bank loans and a third bank loan for its communications operating lease, the credit ratings of Dynegy Inc. and its subsidiaries were removed from CreditWatch by Standard & Poor’s Ratings Services (S&P) on Wednesday.
Cogentrix, Dynegy Work to Resolve Default Tied to Plant Loans
North Carolina-based power plant developer Cogentrix is currently in talks with Dynegy and banks to resolve a Dynegy subsidiary’s default under loan agreements tied to the construction of an 816 MW power plant located in Louisiana. The default was automatically triggered in the wake of several ratings agencies lowering their credit ratings on Dynegy.