Credit Benchmark have released the April Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK & EU Oil & Gas based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for Oil & Gas. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
US Oil & Gas have maintained positive credit balance for seven consecutive month. UK Oil & Gas return to negative credit balance this month. EU Oil & Gas have experienced recent instability in their collective credit balance.
US Oil & Gas: Improvement Trend Continues
US Oil & Gas firms have maintained positive credit balance for seven consecutive month.
This month, the US Oil & Gas CCI score is 53.5, an improvement from last month’s CCI of 50.7.
US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks.
UK Oil & Gas: Net Deterioration Returns
UK Oil & Gas firms return to negative credit balance this month.
The UK Oil & Gas CCI score is 44.1 this month, a significant decrease from last month’s CCI of 52.7.
UK Oil & Gas revenue boosted by rising oil prices.
EU Oil & Gas: Net Improvement Short-lived
EU Oil & Gas firms have experienced recent instability in their collective credit balance.
The EU Oil & Gas CCI score is 48.9 this month, a significant decrease from last month’s CCI of 55.7.
The Net-Zero Industry Act brings key elements to the table to ensure Europe follows through on its climate ambitions.
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