Insights
Credit Spotlight on Global Defense
Rising defense budgets and investment in new technologies are seeing a boost to the credit quality of global aerospace and defense firms. Credit Benchmark reviews recent credit trends in the industry.
FILTER:
ARCHIVES:
SEARCH:
Navigating the Uncharted Waters of Post-COVID Trade Credit Risk
Global supply chains were showing signs of strain pre-COVID and now that the world economy is in the process of a full-scale restructuring, the credit implications are wide-ranging and long-term. This whitepaper details some factors reshaping supply chains and presents single company case studies using a combination of Bloomberg supply chain data and Credit Consensus Ratings (“CCRs”).
Pension Funds: Does Fund Risk Increase with Lower Rated Sponsors?
Pension provision is changing globally, moving the risk from the sponsoring company to the saver. Public bodies and private firms that still hold significant pension deficits are under increasing scrutiny – what happens if the sponsor runs into financial trouble? This report examines the correlation between sponsor risk and fund risk.
Global Chip Shortage Undermines Post-Pandemic Credit Recovery
The global economy currently faces many supply chain challenges, but the global semiconductor shortage is one of the most pressing. The credit impact is obviously negative for many firms, but there may also be some winners. This report compare the credit status and recent trends for some of the largest producers and consumers of semiconductors globally.
Tumult in Auto Industry but Not All Firms Affected Equally
The auto industry was t-boned over the last year as transportation and consumption habits changed dramatically. Overall credit risk in the auto industry is still far higher than it was last year on a global and regional basis. But not all auto industry firms have been affected the same way. In fact, some have even seen their credit quality improve throughout the crisis.
The Tortoise and the Hare: Volatile Equities Draw Pace with Steady Credit
Over the past 12 months, equity markets have steadily recovered from their panic-stricken lows in Q1 2020. Consensus credit has also adjusted, but changes in estimates of credit risk have been more measured and sometimes at odds with equity markets in particular.
US Hotels: Hardest Hit by COVID but Some Recovery in Sight
With lockdowns easing and vaccinations picking up pace, a major slug of pent-up cash is likely to make its way into the hard-hit leisure sector. Hotels have suffered, but relief is on the horizon – which major names have struggled the most, and which sit in a stronger position?
