Download the April Industry Monitor infographic below.
Credit Benchmark have released the end-month industry update for end-March, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions.
In the update, you will find:
- Credit Consensus Distribution Changes: The net increase or decrease of entities in the given rating category since the last update.
- Credit Transition: Assesses the month-over-month observation-level net downgrades or upgrades, shown as a percentage of the total number of entities within each category.
- Ratio: Ratio of Deteriorations and Improvements in each category since last update, calculated as Deteriorations / Improvements
- IG to HY Migration: The number of companies which have migrated from investment-grade to high-yield since the last update (known as Fallen Angels).
Credit Benchmark will continue to provide regular reports on these migration rates. If you have any questions about the contents of this update, please get in touch.
