April End-of-Month Credit Update
Download full April End-of-Month Credit Update infographic below. Credit Benchmark has released the latest end-of-month consensus credit data (from March 2020), based on the final and complete set of contributed credit risk estimates from 40+ global financial institutions. This final update takes into account the credit movements of ~26,000 separate legal entities. In the update, […]
Oil & Gas Credit Risk is Getting Worse
To download the April 2020 Oil & Gas Aggregate PDF, click here. . Companies in the oil & gas sector are currently facing a multitude of problems. A glut in supply and a major decrease in demand is pushing prices to notable lows. US prices as represented by the West Texas Intermediate have recently turned […]
Housing Sector Credit Quality Weakens for US, UK Firms as Market Faces Increasing Challenges
To download the April 2020 Housing Aggregate PDF, click here. . The economic devastation brought on by COVID-19 is sparing no sector and housing is no exception. While US and UK housing firms began the new year with some moderately positive credit news, that is now over. Both groups have seen credit deterioration this month, […]
April Flash Update
To assist our clients and readers in assessing the impact of the COVID-19 crisis on future default rates, the April mid-month credit flash update from Credit Benchmark is now available. In the update, you will find: Opinion Indicator: Assesses the month over month observation-level net downgrades or upgrades. Ratio: Ratio of Deteriorations and Improvements calculated […]
April Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the April 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 […]
Credit Risk Continues to Rise for US, UK Retailers
As COVID-19 retail shutdowns persist, a recent study has shown that more than half of the UK’s major non-food retailers will run out of cash by the summer if conditions don’t change. Sales have dropped by as much as 70% and warehouses are filling up with unsold stock. In the US, a reported 630,000 outlets […]
Auto Industry Credit Quality Declines in US & UK
The global automotive industry has felt the immediate impact of the COVID-19 economic slump, with factories across the world halting production or being hamstrung by supply-chain disruptions, whilst consumer demand rapidly shrinks. US auto sales are expected to fall by at least 15% this year, and a reported 95% of all US auto production has […]
Oil & Gas Credit Risk is Rising for US, UK
Default Risk for US Firms Up More Than 7% in Last Year US Oil & Gas The credit situation for large US oil & gas firms keeps getting worse. Credit quality for this sector has declined by 1% on a month-over-month basis and 7.4% on a year-over-year basis. The majority of this deterioration has happened […]
March Credit Consensus Indicators (CCIs) – UK, EU and US Industrials
Credit Benchmark have released the March 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 […]
Housing Credit Risk for US, UK Remains Vulnerable
The crucial upcoming spring season of home buying and selling may be under threat from the economic downturn posed by the spread of COVID-19. Though low interest rates pose a strong incentive for mortgage borrowers, the economic uncertainty may prove too strong a deterrent for some buyers. Both buyers and sellers are also likely to […]
