In the recent US mid-term elections, both parties claimed enough of the spoils to declare victory – the Democrats regaining control of the House of Representatives, the Republicans tightening their grip on the Senate. But at the halfway point in a deeply divisive administration – one that saw many sectors benefit from a huge fiscal stimulus last year, and others do less well under the gradual return towards monetary orthodoxy – it’s worth running the rule over the credit data for key sectors, and seeing how each has performed under Trump.
In this series of monthly articles from Risk.net, David Carruthers, head of research at Credit Benchmark, analyses which US industries have prospered under the Republican administration, and which have seen a worsening of credit quality. Also covered this month is a glance at credit risk movement in Japanese Corporates, and new credit insights into traditionally unrated UK housing associations. Plus, a comparison between PD curves for US Oil & Gas, and US Healthcare.
Read the full article using the below link or in the December edition of Risk Magazine.
