Regardless of whether or not we see an uptick in the default rate in energy loans, energy credit is only 3.5% to 4% of the overall loan market, so even if you had a 25% default rate in all energy loans, it would only be about a 1% uptick in the overall loan market default rate, we believe the loan and high-yield markets have already priced in a lot of the defaults in the energy space.

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