June 2021 Financial Counterpart Monitor
The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions.
June 28, 2021
The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions.
The energy industry is experiencing mixed fortunes, with the US sector holding steady and the EU seeing some improvement, whereas the UK sector showed deterioration from the prior month.
Credit Benchmark have released the June 2021 Credit Consensus Indicators (CCIs). US Industrial companies have cause for optimism amid the latest data showing a CCI score above 50 for the fourth consecutive month, the longest stretch of positive readings since late 2018/early 2019.
Mark Faulkner, Co-Founder Credit Benchmark engages in a wide-ranging discussion with host Roy Zimmerhansl covering Basel IV, Peer-to-Peer, Pledge Collateral, Indemnifications, and even ‘meme stocks’.
Consensus data may be providing some hope for the beleaguered UK and US retail sectors.
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.
Consensus credit data has indicated improving credit quality for global corporates in the last few months, however the latest data update paints a more nuanced picture.
Studies have shown that female-led companies outperform male-led companies on a range of metrics, yet women continue to be perceived as less suitable for leadership roles than men. New analysis from Credit Benchmark suggests that female-led companies are also a better credit risk, particularly in times of economic turmoil.
The brakes have been pumped on 2020’s credit deterioration in the US and UK auto sectors. Consensus credit data is showing improvement after a long period of stress.
Dynamics look better for the US, UK, and EU energy sectors. Credit Benchmark consensus data show little recent change in credit quality, and if market conditions continue to improve, real improvements in credit may come sooner rather than later.
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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