Declining Credit Quality: Is Global Tobacco Being Stubbed Out?
Global Tobacco credit quality has weakened by 3.4% month-on-month. The introduction of stricter tobacco measures globally, as well as COVID-19, all contribute to this change.
Q2 2022 Quarterly Review: Credit at a Turning Point?
This whitepaper from Credit Benchmark illustrates the global credit trends in the second quarter of 2022. Widening credit spreads show a major shift to a “risk-off” mindset, as supply shocks and rate hikes show no sign of abating. Corporate default rates are likely to spike, and across sectors correlations between default risk are changing. This whitepaper tracks these shifts across many otherwise unrated countries/sectors, as well as illustrating other global trends in Q2 2022.
Tech Sector Meltdown & Credit – Opportunities Emerging?
The 2022 technology stock meltdown brought widespread financial damage. Markets are repricing the new reality of geopolitical tension, inflation and scarce money. But has the selloff brought opportunities?
Sovereign Credit Risk & Food Prices
A growing list of countries have already seen Sovereign ratings slide in the past two years due to COVID costs; some now face a real risk of outright default as the war in Ukraine drives food, fertilizer and energy prices higher.
UK Retail: Cost of Living Impact
Consumers are focusing on essential purchases and spending less time at home, and UK and EU broadline retailers are feeling the squeeze. Both groups show recent deterioration against a global trend of improvement.
Automobiles & Parts: Impact of Chip Shortage
Semiconductor supplies have not yet recovered from COVID disruption. This has caused problems for many industries, but the impact is becoming acute for manufacturers of automobiles and parts, as well as online car dealers and car rental companies.
Credit Consensus Ratings & Risk Sharing
For investors in Risk Sharing products, transparency is key. This report uses Credit Consensus Ratings to compare a single bank’s view of a typical risk sharing portfolio with the broader bank peer group view of the same portfolios. This unique dataset can be used for industry trend tracking, portfolio analytics, and single name assessments.
US Energy Sector: Credit and Equity
Shifting energy sector dynamics have been a bonanza for US oil and gas companies, with prices spiking and share prices following suit. Strong share performance does not always correlate with strong credit quality, however. This analysis shows the relationship between Credit Consensus Ratings and US energy sector equity price changes in 2022.
What Will Happen to Default Rates in 2022 / 2023?
With tighter global monetary policy already hitting heavily indebted households and firms, could default rates also reach record levels? This insight looks at the relationship between the Fed Effective rate and US Business Loan Delinquencies.
Home Improvement and Grocery Delivery Firms Suffer as Pre-COVID Habits Return
As the pandemic eases and workers return to their offices, companies that were COVID beneficiaries are facing the double hit of a return to more traditional buying habits and an inflation squeeze on household budgets.
