Credit Benchmark’s Consensus Ratings Coverage Universe Hits 100,000 Milestone

London, October 19, 2023 – Credit Benchmark (CB), provider of the world’s only independent, consensus-backed credit risk intelligence, has reached a significant milestone for its Credit Consensus Ratings (CCRs) by covering more than 100,000 entities around the world.

Michael Crumpler, Chief Executive Officer at Credit Benchmark, said: “When we launched in May 2015, Credit Benchmark was only covering about 350 names, so we are very proud to have reached this significant 100,000 milestone. This growth is testament to the market’s desire for a new approach to thinking about credit risk and a differentiated product offering, which CB has been able to meet.”

The 57% increase in coverage year on year is the result of several large banks joining Credit Benchmark’s service recently. CB is now partnering with more than 40 financial institutions globally including 17 Global Systemically Important Banks (GSIBs) representing more than $40tn in total assets.

Credit Benchmark aggregates and anonymises the risk views from these banks, which are created, validated and monitored by more than 20,000 of the most respected credit risk analysts in the world.   

More than 90% of the entities that CB covers are unrated by the major credit rating agencies and more than 90% are private companies. They include 48,000 corporates, 13,000 financial institutions, 38,000 funds and 2,000 government or other organisations spanning 156 countries.

“I am confident that our growing dataset and enhanced analytical products will continue to help our clients more effectively and efficiently manage risk,” Crumpler added.

About Credit Benchmark

Credit Benchmark is a leading financial data analytics company founded in 2015 and headquartered in London with offices in New York and Bangalore.

CB leverages the anonymized credit risk views from over 40 financial institutions globally, to provide the market with an unparalleled and unique suite of consensus risk data and analytics.  CB’s Credit Consensus Ratings now cover more than 100,000 entities globally across corporates, financial institutions, funds and governments, the vast majority of which are private and unrated. Additionally, CB has partnered with Bloomberg to offer rating assessments on over 133,000 bonds and loans, representing more than $30 trillion outstanding.

Credit Benchmark also creates over 1,200 credit indices that help market practitioners better understand and navigate macro trends. CB’s data is trusted and relied on by myriad market participants to more effectively and efficiently manage risk.

For further information contact:

Damien Fletcher
Streets Consulting (Representing Credit Benchmark)
[email protected]
Telephone: +44 (0)7413 141 160

Laura Saville
Head of Marketing
[email protected]
Telephone: +44 020 7099 4322

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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.