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 as Deteriorations / Improvements
- Distribution Changes: The increase or decrease in the percentage of entities in the given rating category
- IG to HY Migration: The absolute and relative movement from investment-grade to high-yield
Credit Benchmark will continue to provide regular reports on these migration rates. If you have any questions about the contents of this update, please get in touch.
Download the April mid-month credit flash update here:
Download Flash Update