Retail Credit Risk is Rising for US and UK Companies
General Retailers are struggling to get a break, with the long-standing challenge of getting consumers through the door now exacerbated by COVID-19 related worries. If the virus continues to spread, shoppers will be more likely to avoid busy high streets and stores and businesses will in turn suffer. This is not to mention the impact […]
February Credit Update: Consensus Upgrades and Downgrades are in Balance
Download PDF Credit Benchmark has published the latest monthly credit consensus data (from January 2020) based on contributions from 40+ financial institutions, covering 50,000 separate legal entities. The monthly upgrades and downgrades overview is now based on data adjusted for changes in contributor mix. Monthly consensus upgrades and downgrades: Last month showed improvements across 559 […]
Auto Industry Credit Quality Improves in US & UK
The automobile industry is particularly vulnerable to supply chain disruptions, and politically-driven trade issues such as the US/China trade wars and Brexit have hurt auto companies in the past year. The spread of the COVID-19 virus threatens to further undermine production and a lack of preparedness will threaten even the strongest makers and suppliers. Consensus […]
Oil & Gas Credit Risk is Rising for US, More Moderate for UK, EU
Default Risk for US Firms Up Almost 6% in Last Year US Oil & Gas Overall credit quality for US oil & gas firms continues to deteriorate. Credit quality for the sector declined by 1.0% on a month-over-month basis and 5.8% on a year-over-year basis. The average probability of default for US oil & gas […]
UK SME Credit Risk in Flood Zones
Download Report Increased Flooding in the UK This month has been one of the wettest Februarys on record and the increased rainfall has seen much of the UK impacted by severe flooding, with forecasters issuing warnings of further deluges in the coming days and weeks. One UK study suggests that there are 70,000 uninsured homes […]
Housing Credit Risk in Freefall for US, Stabilizing in UK
US building permits hit a 13 year high this week, supported by a low mortgage rates. Despite this apparently positive outlook for the sector, Consensus credit risk data indicates that credit quality for US Household Goods & Home Construction companies has been steadily falling for some time. In the UK, post-election optimism and increased certainty […]
February Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the February 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 […]
Global Travel and the Contagion Effect
Download PDF Coronavirus impact on the global economy The rapid spread of the new strain of coronavirus, now officially known as COVID-19, has made an immediate impact on the global economy. China’s stock market saw an 8% drop after the recent Lunar New Year, the biggest single day drop since 2015. While the world’s supply […]
Retailer Credit Risk Stabilizes in US, Continues Long Slide in UK
Retailers continue to feel the long-term effects of the ‘retail apocalypse’, and the credit quality trends for UK and US general retailer companies prove lenders remain cautious about the sector. And whilst the post-election ‘Boris-Bounce’ saw an uptick in UK business activity, retailers appear to have missed out on renewed consumer enthusiasm. US retailers ended […]
Risk.net: A Sharp Turning Point in CCP Credit Risk
For anyone who shudders at the mere thought of a clearing house failure, the latest bank-sourced data from Credit Benchmark could make for uncomfortable reading. After improving by more than 5% from November 2017 to September 2019, the credit risk of 30 central counterparties (CCPs) reversed sharply at the end of last year. The 2.6% […]
