January 2023 Industry Monitor
Credit Benchmark have released the latest end-month industry update, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions.
January 19, 2023
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Credit Benchmark have released the latest end-month industry update, based on the final and complete set of the contributed credit risk estimates from 40+ global financial institutions.
3G has been a major legacy network overhead and consumer of spectrum bandwidth in the US. But as 5G moves into high gear the Big 3 wireless carriers needed to reallocate capacity to fully support the 5G network, and free up resource for the development of 6G and beyond. With the 3G burden removed, the sector’s Big 3 are better placed to invest in future technologies with less strain on balance sheets.
Though credit correlations have become more positive after the coronavirus pandemic, they’ve been dropping since late 2021. Nevertheless, challenges in achieving portfolio diversification are much more acute in the post-Covid period, writes Stelios Papadopoulos for Structured Credit Investor,
Credit Benchmark have released the January 2023 Credit Consensus Indicators (CCIs). US Oil & Gas firms have put a recent negative blip behind them with another month of positive credit quality, while Global and UK firms also continue to enjoy net credit improvement.
Credit Benchmark have released the January Industrials Credit Consensus Indicators (CCIs). EU Industrial firms continue their run of positive credit movement, with a 16th month of improvement. UK Industrial firms continue to register a negative CCI this month. US Industrial firms remain slightly positive with a fifth consecutive instance of a positive CCI score.
Mark Faulkner, Co-Founder of Credit Benchmark, and Matthew Brunette of Norges Bank Investment Management talk to Brooke Gillman of eSecLending on the topic of indemnification in Securities Lending.
Credit Benchmark have released the December 2022 Credit Consensus Indicators (CCIs). US Oil & Gas firms have put a recent negative blip behind them with another month of positive credit quality, while Global and UK firms also continue to enjoy net credit improvement.
Both US Consumer Services and Goods are currently hovering around neutral CCI scores. But the Black Friday stats so far suggest a good December, at least for consumer goods; if that momentum can be maintained we could see more positive CCIs across the Consumer sector.
Credit Benchmark have released the December Industrials Credit Consensus Indicators (CCIs). EU Industrial firms continue their run of positive credit movement, with a 15th month of improvement. UK Industrial firms are struggling to remain in positive territory, with a return to net deterioration this month. US Industrial firms hang on to mild positivity with a fourth consecutive instance of a positive CCI score.
U.S. market participants, already facing tough requirements, may find some relief, writes John Hintze at Global Association of Risk Professionals, citing research from Credit Benchmark.
Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.
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