All Reports, News & Insights Archives
2024/25 Default Risk Outlook: UK Industries
Credit Benchmark’s new 2024/25 Default Risk Outlook for UK Industries predicts UK default risks to plateau in next 12 months; Basic Materials, Telecoms and Technology predicted to show >10% increase in default risk by Q2 2025.
Data at a Glance: US and EU Banks
Recent bank failures and mergers have uncovered transatlantic tensions in the global banking sector. This data at a glance looks at US and EU Banks sectors. Average default risk for US Banks deteriorated for much of H2 2022 ahead of recent volatility. EU Banks default risk has been steadily improving.
Credit Portfolio Risk: Consensus Data Fills in the Blanks
Investors in credit portfolios make extensive use of credit agency ratings and market-driven risk models. But some segments are faced with less visibility and a lack of public ratings, while credit portfolio management models are only as good as the credit risk data available to them. This paper reviews a data-driven framework for portfolio risk analysis and discusses practical applications of consensus credit risk estimates.
AT1 Bonds: Investor Risk Means Stronger Banks
Bail-in bonds are a powerful extra prop for bank balance sheets in times of turmoil: AT1 bond issuers showed faster post-COVID credit recovery than most Global Systematically Important Banks, and the gap continues to widen.
March Credit Consensus Indicators (CCIs) – UK, EU and US Consumer Goods
Credit Benchmark have released the March Consumer Goods Credit Consensus Indicators (CCIs). UK Consumer Goods have experienced recent instability in their collective credit balance. US Consumer Goods register a sixth consecutive instance of a negative CCI this month. EU Consumer Goods return to net deterioration.
After SVB: What’s the Next Shoe to Drop?
The sudden collapse of Silicon Valley Bank has raised questions as to what warning signs were missed. While this may have been a black swan event, bank credit warning signs have been flashing in consensus credit data for the past few months.
March 2023 Industry Monitor
Credit Benchmark have released the latest end-month industry update, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions.
