Financial Times: Data Drill

Credit Benchmark data on the declining credit quality of North American and European Oil & Gas Exploration & Production companies has been cited in the latest ‘Energy Source’ newsletter via The Financial Times.

Authors Derek Brower and Myles McCormick noted in the column:

“The chances of US oil and gas producers defaulting on their debt jumped by 50 per cent in recent months, shifting the sector a notch further into junk territory, according to Credit Benchmark. Their European counterparts — more integrated and less indebted — are doing better.

The Financial Times, July 30, 2020.

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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.