We publish monthly CRI data tracking US private market rating changes. This dashboard provides access to the latest published values and historical trends.

The Credit Risk Index measures the net rating changes (downgrades minus upgrades) for US private corporates and financials. A positive CRI indicates net downgrades (rising risk), while a negative CRI indicates net upgrades (improving credit quality).

Powered by Credit Benchmark’s proprietary dataset reflecting the credit views of 20,000 analysts on roughly $9T in loans, our flagship CRI tracks nearly 3,000 U.S. private companies. Unlike public-market indices or ratings-agency data, the CRI captures real-time credit risk sentiment from global financial institutions, offering an independent, timely read on credit conditions across industries.

The CRI serves both financial professionals and media analysts with a unique forward-looking signal of credit risk in private markets where transparency is limited but systemic importance continues to grow.

Use Cases for Financial Professionals

• Portfolio-level monitoring and dashboard KPIs
• Investment committee discussions & diversification strategies
• Identifying anomalies and peer comparison triggers

Why It Resonates with Media and Markets

The CRI offers a unique barometer of private market credit risk, where transparency is scarce but systemic importance is rising. It allows investors, lenders, and policymakers to quantify shifts in corporate health and spot stress or recovery signals earlier than traditional indicators.