Morgan Stanley’s institutional securities unit had $15.9 billion in loans and lending commitments related to the energy industry at the end of last year, down 7.6 percent from the third quarter.

About 40 percent of the total was for junk-rated counterparties, the New York-based firm said Tuesday in a regulatory filing, up from about a third as of Sept. 30. The portfolio included $1.7 billion in loans and $2.7 billion in lending commitments to oil and gas exploration companies, according to the filing.

Goldman Sachs Group Inc. said Monday that it also had about 40 percent of its oil and gas loans and lending commitments to junk-rated firms.

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