Better Employer, Better Investment? How the 100 Best Companies Stack Up
Rapid growth in ESG investment suggests confidence in the profitability of green, social, and sustainable business – and new research from Credit Benchmark indicates that forward-thinking companies are also a better credit risk. This analysis compares the credit risk of Fortune’s 100 Best Companies against top UK and US firms.
Credit Case Study: 5G and Satellite Internet
The post-Covid economy will be increasingly dependent on telecoms to keep its supply chains running. Telecoms firms have been investing heavily in 5G but the rise of satellite internet may provide competition for established providers. This report analyses the credit position and recent trends for some key 5G firms.
Navigating the Uncharted Waters of Post-COVID Trade Credit Risk
Global supply chains were showing signs of strain pre-COVID and now that the world economy is in the process of a full-scale restructuring, the credit implications are wide-ranging and long-term. This whitepaper details some factors reshaping supply chains and presents single company case studies using a combination of Bloomberg supply chain data and Credit Consensus Ratings (“CCRs”).
Pension Funds: Does Fund Risk Increase with Lower Rated Sponsors?
Pension provision is changing globally, moving the risk from the sponsoring company to the saver. Public bodies and private firms that still hold significant pension deficits are under increasing scrutiny – what happens if the sponsor runs into financial trouble? This report examines the correlation between sponsor risk and fund risk.
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.
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.
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.
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?
Some Global Airlines Are Pulling Out of Credit Default Risk Tailspin
Download PDF The COVID-19 pandemic has not been kind to global airline credit quality. As of February 2021, a total of 21 major global airlines have been downgraded to high yield (HY) status since the start of the pandemic, according to Credit Benchmark data. But that grim statistic does not tell the full story. A […]
The Bust and the Boom: Sectors to Watch as Lockdown Eases
The economic damage of the pandemic is far from over, but some sectors are showing the leading indicators of their future recovery.
