Credit Benchmark have released the August 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 800,000 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 August CCIs show a return to credit deterioration for UK industrials, EU companies are improving, and the US maintains a positive trend.
The UK CCI for August is 49.3 and is back in negative territory after a recent weak recovery.
The EU CCI for August is 51.2; showing improvement in the midst of a longer term balanced trend.
The US CCI for August is 51.8, continuing a three month run of improvement.
To download the full CCI tear sheets for UK, EU (ex-UK) and US Industrials, please enter your details below: