We have published the latest credit risk consensus data on the following government entities in the Middle East: Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Oman, Saudi Arabia, Qatar and the United Arab Emirates.
"Budget airlines are encroaching on the traditional territory of full service carriers while getting cheaper funding from banks." David Carruthers, Head of Research at Credit Benchmark, analyses the implications via the trade publication: Low Cost & Regional Airline Business
The Spanish economy grew by 0.8% in Q1 2017, an annual rate of more than 3%, higher than recent data for Germany, France and the Netherlands. Unemployment has been trending down and currently stands at a post-crisis low of 18%. Spain suffered more than most during the Eurozone downturn but is now in the economic vanguard.
Technology companies have been bucking the market recently with many stock prices rising to all-time highs. The S&P 500 closed at a record high on Monday, driven in large part by tech firms. With share prices rising, credit quality has not always been following the same path. Looking at the credit risk trends in the sector, there have been some notable upgrades (Yahoo, LinkedIn) and downgrades (Microsoft, IBM, Uber) over the last six months
David Carruthers, Credit Benchmark’s Head of Research breaks down the basics of the CBC - which is linked explicitly to Probability of Default estimates - and discusses the value of CBCs as a true market view of credit risk.
"Credit risk data is widely available for sovereigns and large corporates, but updates are infrequent and smaller companies are often ignored." In this series of monthly articles from Risk.net and Risk magazine, David Carruthers, head of research at Credit Benchmark, discusses monthly credit risk trends in rated and unrated obligors based on bank-sourced data.