Credit Benchmark have released the December Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK and EU Industrials based on the consensus views of over 20,000 credit analysts at 40 of the world’s leading financial institutions.
Drawn from more than 800,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for industrials. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
The December CCIs point to deterioration across the board in UK, EU (ex-UK) and US industrial companies, reflecting an uncertain global economic environment.
The UK CCI for December is 49; downgrades persist for fifth consecutive month.
The EU CCI for December is 49.8; CCI remains negative but deterioration is modest.
The US CCI for December is 48.1; has a trend emerged?
To download the full CCI tear sheets for UK, EU (ex-UK) and US Industrials, please enter your details below: