Credit Benchmark has published the latest monthly credit consensus data (from July 2019) based on contributions from 40+ financial institutions, covering 50,000 separate legal entities.
The monthly upgrades and downgrades overview is now based on data adjusted for changes in contributor mix.
Monthly consensus upgrades and downgrades:
- 338
obligors improved their credit standing by at least one notch. - 356
obligors deteriorated. - 66
moved more than one notch. - The
size of upgrades and downgrades has increased.
Last month showed improvements across 324 obligors and deterioration across 416, with 58 moving by more than one notch.
Industries:
- Upgrades dominate downgrades in four out of the ten reported industries and four out of ten have more downgrades.
- The
industries showing an improvement in credit quality include:- Consumer
Services with 37 upgrades and 26 downgrades. - Telecommunications
with 12 upgrades and six downgrades. - Financials
with 61 upgrades and 53 downgrades.
- Consumer
- The
industries showing deteriorations are:- Consumer
Goods with 13 upgrades and 30 downgrades. - Industrials
with 30 upgrades and 40 downgrades. - Technology
with nine upgrades and 15 downgrades.
- Consumer
Note: Monthly upgrade / downgrade movement is based on 27,000 individual Consensus PDs.
To learn more about consensus ratings and analytics from Credit Benchmark, email [email protected].
Disclaimer: Credit Benchmark does not solicit any action based upon this report, which is not to be construed as an invitation to buy or sell any security or financial instrument. This report is not intended to provide personal investment advice and it does not take into account the investment objectives, financial situation and the particular needs of a particular person who may read this report.
