US, UK Retail Sector Credit Quality Worsens Yet Again: October 2020
To download the October 2020 Retail Aggregate PDF, click here. Retail sales may be rising, even if the pace in August was lower than anticipated, but retailers themselves continue to struggle. The number of store closings in the US has remained higher than openings most weeks, bankruptcies are at a notable high and there’s potential […]
Leveraged Loans – Light at the End of the Tunnel or an Approaching Train?
Leveraged Loans continue to divide investor opinion. Values declined as part of the High Yield rout earlier this year, but they have been slower to recover. Consensus credit trends suggest that some of the bbb and bbb- CLO issuers may be in for a bumpy ride.
End-September 2020 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 […]
End-September Industry Monitor
Download the End-September Industry Monitor infographic below. Credit Benchmark have released the end-month industry update for September, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions. In the update, you will find: Compared to the figures seen in the September Mid-Month Industry Monitor, the September End-Month […]
Rising Stars: Who is Shining Brightly?
Amid an onslaught of negative credit news, there are some bright spots. So-called Rising Stars, sectors whose credit quality has moved from high-yield or “junk” status to investment-grade, are growing, slowly but surely.
Fallen Angels: Is the Curve Flattening?
Fallen Angels – companies whose credit quality has shifted from investment-grade to high-yield or “junk” status – continue to grow in number but at a slower pace than what we’ve been seeing for the past several months.
No Signs of a Soft Credit Landing for Airlines
Global airlines face a battle for their survival, and equity indexes reflect recent volatility. However, any temporary rallying in airline stocks is at odds with the relentless decline seen in credit risk consensus data.
Credit Quality Continues to Fall for US, UK Auto Sectors: September 2020
To download the September 2020 Auto Aggregate PDF, click here. Much like the beleaguered US energy sector, the US auto industry continues to see credit quality deteriorate. On top of reduced demand and general economic concerns, there are staffing issues that could prevent factories from meeting the demand that is still in the marketplace. The […]
Credit Problems Mount for US Energy Sector: September 2020
To download the September 2020 Oil & Gas Aggregate PDF, click here. . The besieged US energy sector continues to see credit deterioration, and with a multitude of problems facing the industry there is little cause for optimism. In the US, energy companies were supplying fewer barrels of gas per day even with the recovery […]
Credit Quality for US, UK Housing Sectors Stable: September 2020
To download the September 2020 Housing Aggregate PDF, click here. . With the economic picture still murky, no news may be good news for the US and UK housing sectors. Credit quality has seen little change in each region with the most recent update. Recent positive signs in the US and UK markets may suggest […]
