June 2023 Financial Counterpart Monitor
The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions.
June 22, 2023
The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions.
Warning signs continue to flash in US Commercial Real Estate, with Industrial & Office sectors worst affected by the persistence of hybrid working. However, Credit Benchmark data shows various US REITs currently with a positive credit outlook.
Credit Benchmark have released the June 2023 Credit Consensus Indicators (CCIs). US Oil & Gas end their run of eight consecutive months of positive credit outlook. UK Oil & Gas return to negative credit outlook. EU Oil & Gas show recent instability in their collective credit balance.
Credit Benchmark have released the June Industrials Credit Consensus Indicators (CCIs). US Industrials return to net improvement. UK Industrials haven’t shown a positive credit outlook for seven consecutive months. EU Industrials net improvement trend slows.
The June Monthly Credit Outlook looks at recent credit trends and highlights seen in the consensus dataset. This month, Global Corporates, Financials and Sovereigns all show net downgrades.
Latest Credit Benchmark data shows that the credit rating of a country’s financial system is heavily influenced by that of the Sovereign, and, in countries with the strongest credit, the Financial sector is stronger than the Corporate sector.
Credit Benchmark have released the May Consumer Services Credit Consensus Indicators (CCIs). Both UK and EU Consumer Services show a positive credit outlook this month; US Consumer Services maintain a negative credit outlook for four consecutive months.
Is AI all promise, no profit? The Economist suggests equity markets are unconvinced as to the immediate value of AI tech. In credit terms, AI-focused firms are outperforming other Global Tech firms; keeping pace with Global Corporates.
Credit Benchmark have released the May Consumer Goods Credit Consensus Indicators (CCIs). US Consumer Goods register an eighth consecutive instance of a negative CCI this month. UK Consumer Goods net improvement continues. EU Consumer Goods show recent instability in their collective credit balance.
Credit Benchmark have released the May 2023 Credit Consensus Indicators (CCIs). US Oil & Gas have maintained positive credit balance for eight consecutive months. UK Oil & Gas return to positive credit balance this month. EU Oil & Gas have experienced recent instability in their collective credit balance.
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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