New York, NY, January 28, 2021 – Global Corporate Credit Risk Increased 20% in 2020, with More than Half of Corporate Bonds Falling Below Investment
As one of the industries most impacted by the COVID-19 pandemic, 44% of global Travel & Leisure companies with a Consensus rating fell from investment grade to high yield in 2020. Some of these companies have shown resilience however, with nearly 10% of these ‘fallen angels’ migrating back into investment grade at a later point in the year.
Government support for UK businesses is due to end in early 2021, leaving many at-risk companies in debt. A significant increase in default rates may be observed as credit becomes less available. New research from Credit Benchmark shows that UK corporates have a ~20% higher chance of defaulting in 2021 compared to a year ago, suggesting that 1 in 150 companies will default this year.
Request your free copy of the latest Bank & Subsidiary Monitor below. Risk isn’t always where you think it is. When you are dealing with
The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions. The report, which covers banks, intermediaries, buy-side
Download the End-December Industry Monitor infographic below. Credit Benchmark have released the end-month industry update for December, based on the final and complete set of
To download the December 2020 Oil & Gas Aggregate PDF, click here. . Problems in the energy sector are far from new, and are continuing
Credit Benchmark have released the December Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK and EU Industrials
To download the December 2020 Retail Aggregate PDF, click here. US General Retailers may not yet feel like the proverbial child in the toy store,
Download the End-November Industry Monitor infographic below. Credit Benchmark have released the end-month industry update for November, based on the final and complete set of
Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.
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