Predictive Information for Tradable Securities
Get unique additional factor model performance by integrating IHS Markit securities lending data with Credit Benchmark consensus credit risk data. Independent research shows that Credit Benchmark credit consensus data complements and enhances IHS Markit’s short factor data when combined in constructing portfolios. This combination provides enhanced signals in both US and European equity markets, and […]
Oil & Gas Sector – Still Not Out of the Woods?
The Oil & Gas sector was in trouble even before the first Covid lockdown, and it was one of the worst credit performers in 2020. Recent credit agency downgrades for some of the US majors have brought these ratings into alignment with the more conservative bank consensus view.
The Robinhood Affair: Are Retail Brokers the Weakest Link?
How do the major players in the GameStop short squeeze compare from a credit perspective? While some firms have multiple agency ratings, many are mainly unrated. Consensus data can fill some key gaps in risk management for all players in this complex network.
Last Year’s COVID Waves May Lead to This Year’s Default Tsunami for UK Corporates
Government support for UK businesses is due to end in early 2021, leaving many at-risk companies in debt. A significant increase in default rates may be observed as credit becomes less available. New research from Credit Benchmark shows that UK corporates have a ~20% higher chance of defaulting in 2021 compared to a year ago, suggesting that 1 in 150 companies will default this year.
Supply Chain Solvency & Boeing – Consensus Risk Data Now Available on Bloomberg
As supply chains dissolve and reform in response to COVID, combining supply chain network views on Bloomberg with consensus credit risk data can give a more complete picture of the resilience or vulnerability of different sectors and companies.
Solvency Risk for GSIBs: CDS Prices vs. Consensus Credit Data
CDS prices are often cited as a proxy for solvency risk. New research shows some large variations between CDS prices and consensus credit risk data for GSIBs.
Office Property and Co-working: The COVID Effect May Persist
Co-working fills an obvious gap in the office property market, and the sector has seen exponential growth since its inception in 2005. But with a global pandemic and a possibly permanent downshift in demand for city center office space, can the co-working model survive? New consensus data shows that co-working credit quality has been one of the hardest hit segments in the office property space.
Vaccine in Sight – Sectors to Watch
An effective COVID vaccine may be in sight, and some sectors could see major improvements in their credit quality after the major financial damage caused by the virus. But which sectors have held up well, and which have been heading towards serious trouble?
Financials Credit Risk Could Grow if Real Estate Woes Infect Wall St
Financials may be heading for more credit strain as the Real Estate sector transmits problems on Main Street into problems for Wall Street.
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.
