Bloomberg: U.K. Firms’ Finances Worsening, Internal Bank Data Shows

Bloomberg cites Credit Benchmark data in an article on UK Corporate credit risk. Bank-sourced data suggests that the financial health of UK companies is deteriorating toward a point where their debt risks being classed as junk.

By Thomas Beardsworth, January 31, 2019, Bloomberg.

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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.