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Emerging market economies face challenges to greater stability as bond markets indicate heightened sensitivity to monetary easing from external investors flooding into domestic markets, rendering exposure to potential capital flights brought on by heavy corporate leveraging in expansionary credit environments.
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"While consumer credit trends are improving in international markets, the U.S. consumer credit environment remains challenging".
"Given the credit environment, we think we performed reasonably well," he said.
But, for everyone else, particularly small and medium-size firms, the credit environment continues to be very challenging.
With the improving credit environment, JPMorgan set aside less money to cover potential losses, increasing its profits.
Analysts said the improving credit environment was a healthy sign, both for the bank and the broader economy.
A Dynegy spokesman said the trading platform, DynegyDirect, would be shut down temporarily because of the "current liquidity and credit environment" facing the entire energy trading sector.
In this new credit environment, a $500 million fund might acquire around $1.5 billion of real estate, rather than the $2 billion it might have bought a year ago.
"Fund managers are facing a challenging period in 2001 because of the bumpier credit environment," said Martin J. Duffy, vice president and senior analyst at Moody's Investors Service.
What is your top piece of advice for small-business owners who are worried about their ability to continue financing their company in this credit environment?
Its corporate and investment banking business was responsible for €779 million of the loss provisions, reflecting "the generally weaker credit environment".
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