Latest Credit Trends April 2020: Covid Crisis Impact
April’s consensus credit data shows the dramatic global impact of the Covid crisis on risk estimates.
April End-of-Month Credit Update
Download full April End-of-Month Credit Update infographic below. Credit Benchmark has released the latest end-of-month consensus credit data (from March 2020), based on the final and complete set of contributed credit risk estimates from 40+ global financial institutions. This final update takes into account the credit movements of ~26,000 separate legal entities. In the update, […]
Corporate Credit Vulnerability: 5 Major Economies Compared
Download full G5 Corporate Borrower Credit Risk Distributions infographic below. A raft of stimulus packages have been announced by Governments globally in an effort to combat the worst economic effects of the COVID-19 downturn. Tax deferrals, debt repayment holidays and income subsidies are some of the measures proposed to help individuals and companies stay afloat. […]
Oil & Gas Credit Risk is Getting Worse
To download the April 2020 Oil & Gas Aggregate PDF, click here. . Companies in the oil & gas sector are currently facing a multitude of problems. A glut in supply and a major decrease in demand is pushing prices to notable lows. US prices as represented by the West Texas Intermediate have recently turned […]
Housing Sector Credit Quality Weakens for US, UK Firms as Market Faces Increasing Challenges
To download the April 2020 Housing Aggregate PDF, click here. . The economic devastation brought on by COVID-19 is sparing no sector and housing is no exception. While US and UK housing firms began the new year with some moderately positive credit news, that is now over. Both groups have seen credit deterioration this month, […]
April Flash Update
To assist our clients and readers in assessing the impact of the COVID-19 crisis on future default rates, the April mid-month credit flash update from Credit Benchmark is now available. In the update, you will find: Opinion Indicator: Assesses the month over month observation-level net downgrades or upgrades. Ratio: Ratio of Deteriorations and Improvements calculated […]
April Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the April Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK and EU Industrials based on the consensus views of over 20,000 credit analysts at 40 of the world’s leading financial institutions. Drawn from more than 800,000 contributed credit observations, the CCI tracks the […]
Corporate Defaults and COVID-19: Credit Migrations Are Key
The IMF anticipate a global recession following the COVID-19 lockdowns. A sharp spike in corporate defaults is inevitable, but this will be mitigated by various Government support programs. Financial history is littered with economic and financial crashes followed by waves of defaults, but this biological crisis is almost unprecedented. Perhaps the nearest equivalent is the […]
Ed Altman Discusses Credit Before and After the Virus
The Covid crisis is probably the first time in history that a globalised, highly interconnected economy has been effectively shut down for at least one quarter. The economic impact is expected to reduce 2020 global GDP by 20-30%, and rescue attempts will push Government debt to levels not seen since the Second World War. Government […]
Credit Risk Continues to Rise for US, UK Retailers
As COVID-19 retail shutdowns persist, a recent study has shown that more than half of the UK’s major non-food retailers will run out of cash by the summer if conditions don’t change. Sales have dropped by as much as 70% and warehouses are filling up with unsold stock. In the US, a reported 630,000 outlets […]
