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Rather, he said, the city's credit risk is simply greater now than it was in 1993.
Credit risk should not be transferred to society at large.
The only credit risk is therefore with the clearing house.
As credit risks, college students look no worse than the rest of the population, he said.
"We happen to believe that at current levels there is good value, so long as you can evaluate the credit risk."
They are trying to separate good credit risks from bad or to sell products and services.
In addition, the employee is subjected to the credit risk of the company.
One potential tenant was a bad credit risk, she said, and another wanted a larger unit.
Most people think of Government securities as safe, and that is true with regard to credit risk.
The state already has to pay more to borrow money than most other states because it is considered a poorer credit risk.
Overriding everything else is the key issue of assessing credit risk.
"You want to try to identify a fund with a good record of managing its credit risk in the past," he said.
The above is only in respect of credit risk.
"Basically, the companies are viewed as very bad credit risks," he said.
Much of the problem is that low-income people are not perceived as good credit risks.
There is also the problem of credit risk for plants that serve industrial customers.
"The party has borrowed in the past and always repaid, so they are a good credit risk."
In the current market, the credit risk carried by preferreds can be serious.
These have no credit risk, but possibly quite a bit of interest rate risk.
People who make bigger payments each month, Key officials suggest, will be better credit risks.
Or, to put it another way, seldom has credit risk seemed less scary to investors.
If you're a credit risk, you might be an employment risk as well.
Even good credit risks, he said, are finding it difficult to obtain loans.
"The operations have resulted in an increased credit risk through the concentration of business with one particular country."
People are still concerned about the credit risk so the longer the maturity the higher they pay," he said.