Global Chip Shortage Undermines Post-Pandemic Credit Recovery
The global economy currently faces many supply chain challenges, but the global semiconductor shortage is one of the most pressing. The credit impact is obviously negative for many firms, but there may also be some winners. This report compare the credit status and recent trends for some of the largest producers and consumers of semiconductors globally.
Is Corporate Credit Quality Improving? Fewer Fallen Angels, More Rising Stars
The COVID era has caused corporate credit quality to shift rapidly between investment-grade and high-yield in either direction – and for some companies, to shift right back again, suggesting a premature upgrade or downgrade. But the latest data from Credit Benchmark suggest consensus estimates may be improving overall.
US Energy Sector Still Facing Enormous Challenges: March 2021
Default risk for US Large Oil & Gas firms remains far higher than default risk for comparative UK and EU firms.
Tumult in Auto Industry but Not All Firms Affected Equally
The auto industry was t-boned over the last year as transportation and consumption habits changed dramatically. Overall credit risk in the auto industry is still far higher than it was last year on a global and regional basis. But not all auto industry firms have been affected the same way. In fact, some have even seen their credit quality improve throughout the crisis.
March Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the March Credit Consensus Indicators (CCIs). The US is the real standout this month. For the first time in an over a year, forward-looking sentiment is above 50.
March 2021 Industry Monitor
Download the March Industry Monitor infographic below. Credit Benchmark have released the end-month industry update for end-February, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions. In the update, you will find: Credit Benchmark will continue to provide regular reports on these migration rates. If you […]
The Tortoise and the Hare: Volatile Equities Draw Pace with Steady Credit
Over the past 12 months, equity markets have steadily recovered from their panic-stricken lows in Q1 2020. Consensus credit has also adjusted, but changes in estimates of credit risk have been more measured and sometimes at odds with equity markets in particular.
UK Retail Sector Remains Huge Credit Risk: March 2021
To download the March 2021 Retail Aggregate PDF, click here. UK retail sector credit is in rough shape, according to Credit Benchmark consensus credit data. The divide between US and UK retail sector default risk continues to grow. Similarly, default risk for UK retail, at 105 bps, remains much higher than the equivalent global retail […]
US Hotels: Hardest Hit by COVID but Some Recovery in Sight
With lockdowns easing and vaccinations picking up pace, a major slug of pent-up cash is likely to make its way into the hard-hit leisure sector. Hotels have suffered, but relief is on the horizon – which major names have struggled the most, and which sit in a stronger position?
March 2021 Financial Counterpart Monitor
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 managers, and buy-side owners, summarizes the changes in credit consensus of each group as well as their current credit distribution and count of entities that have migrated from Investment Grade […]
