Credit Benchmark has published the latest monthly credit consensus data (from January 2018), with 20 contributor banks now providing bank-sourced credit views (CBCs*) on almost 14,500 separate legal entities over the past 12 months.
Monthly consensus upgrades and downgrades:
This compares with the previous month, which showed improvements across 449 obligors and deterioration across 324, with 78 moving by more than one notch.
* CBC = Credit Benchmark Consensus; a 21-category classification which is explicitly linked to probability of default estimates sourced from major banks. A CBC of bbb+ is broadly comparable with BBB+ from S&P and Fitch or Baa1 from Moody’s.
Disclaimer: Credit Benchmark does not solicit any action based upon this report, which is not to be construed as an invitation to buy or sell any security or financial instrument. This report is not intended to provide personal investment advice and it does not take into account the investment objectives, financial situation and the particular needs of a particular person who may read this report.