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 […]
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 […]
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 […]
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% […]
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 […]
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 […]
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, […]
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 […]
Trade Credit Insurance: Where is Global Credit Heading?
The Trade Credit Insurance market is dominated by a few large companies, but competition is surprisingly healthy due to a large number of smaller firms, with some of them only transient participants. The market broadly follows growth in the global economy, but recent trade tensions (US-China, Brexit) have caused significant disruption to supply chains, with […]
