Credit Benchmark has published the latest monthly credit consensus data (from July 2018), with 25 contributor banks. The set of bank-sourced credit views (CBCs*) now covers more than 21,000 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:
Last month showed improvements across 299 obligors and deterioration across 159, with 35 moving by more than one notch.
* CBC = Credit Benchmark Consensus; a 21-category classification which is explicitly linked to probability of default estimates sourced from major banks. A CBC of bbb+ is broadly comparable with BBB+ from S&P and Fitch or Baa1 from Moody’s.
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