Credit Benchmark have released the July 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 30,000 credit analysts at 40 of the world’s leading financial institutions.
Drawn from more than 750,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for industrials. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
The July CCIs show a slight recovery in credit risk for UK industrials, the EU is in balance, and the US maintains a positive trend.
The UK CCI for July is 50.4 and is in positive territory after prolonged deterioration.
The EU CCI for July is 50; sitting at neutral.
The US CCI for July is 50.8, continuing a minimal trend of improvement – in line with US Industrial output figures.
To download the full CCI tear sheets for UK, EU (ex-UK) and US Industrials, please enter your details below: