January Credit Update: Consensus Upgrades Outweigh Downgrades
Download PDF Credit Benchmark has published the latest monthly credit consensus data (from December 2019) 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 298 […]
The Creditworthiness of CCPs and the Global Clearing Member Network
This whitepaper examines the complex interconnected nature of the “CCP Network” – Central Counterparties, their clearing members, and the underlying clients of these members – and looks at the potential application of Consensus credit data to help bring transparency and alignment to the network.
CMCAS Annual Chief Credit Officers Panel 2020
Credit Benchmark was pleased to co-sponsor the CMCAS Annual Chief Credit Officers Panel last week at the Societe Generale offices in NYC. Credit Benchmark co-founder Mark Faulkner moderated a panel of prominent senior credit leaders including Vincent DiMassimo of Morgan Stanley, Mary Katherine DuBose of Wells Fargo, Alex Golten of Goldman Sachs, and Penny Tsekouras […]
Energy Sector Credit Quality Deteriorates in US, UK and EU
EU and UK Oil and Gas Firms Show Slight Reduction in Credit Risk US Oil & Gas US oil and gas firms have seen their credit quality decline 3.8% since December 2018. On a month-over-month basis, credit quality for US oil and gas firms is down 1.3%. Currently, the average probability of default for US […]
January Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the January 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 […]
Risk.net: The Retail Apocalypse Continues
US retailers appeared to have turned a corner in 2018. The Trump administration’s tax cuts lifted consumer spending and retail sales grew by more than 6% that summer. After a period of steady decline, the credit ratings of major US retailers began rising again. The optimism was short-lived. The industry’s fortunes deteriorated sharply in 2019, […]
Review of 2019 Credit Trends
This report uses bank-sourced credit risk assessments to show how 2019 unfolded in some key geographies and industries – assessments which, crucially, are based on actual expected default frequencies. By reviewing the year that was in credit risk, we can grasp some clues as to how the 2020 narrative may play out.
December Credit Update: Consensus Financial Downgrades Outweigh Upgrades
Credit Benchmark has published the latest monthly credit consensus data (from November 2019) 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 281 obligors and […]
Risk.net: Credit Data: Rising Default Risk For Millennial Companies
With its sleek aesthetics, fruit-water dispensers and free beer gimmick, WeWork seemed to perfectly capture the millennial zeitgeist. The co-working company catered to the army of entrepreneurs, start-ups and freelancers that define the gig economy. As millennials became the largest demographic in the workforce, WeWork expanded rapidly. In January 2019, an investment from Japan’s Softbank […]
December Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the December 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 […]
