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.
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No Signs of a Soft Credit Landing for Airlines
Global airlines face a battle for their survival, and equity indexes reflect recent volatility. However, any temporary rallying in airline stocks is at odds with the relentless decline seen in credit risk consensus data.
Credit Risk Changes and Equity Performance During COVID
How far do equity market movements reflect credit developments during the COVID crisis?
The Tortoise and the Hare: Consensus Credit Estimates and Corporate Credit Spreads
After six months of market volatility, credit spreads have coincided with the much slower ascent of Consensus credit risk, suggesting the latter is a calmer indication of future credit market movement.
The Solvency Boundary
Consensus credit data suggests that in times of crisis, the “Solvency Boundary” between investment-grade and non-investment grade credits is more fluid than during non-crisis times. The implication for bond and equity investors is that in the current environment, not all BBB issues are the same.
Supply Chain Credit Risk in the Post-Covid19 World
The Covid19 crisis has exposed the risks in single, long and complex supply chains that are only as strong as their weakest link. Companies are moving
Risk On or Off? : Credit Risk and Share Price Correlations
When equity markets turn down they will pivot towards companies with the highest credit quality. This analysis shows the relationship between equity market movements and credit risk for US corporates.
