Credit Benchmark have released the May Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK & EU Consumer Services based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 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 Consumer Services. 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.
Consumer Services consists of sectors Media, Retail, and Travel & Leisure.
Both UK and EU Consumer Services show a positive credit outlook this month; US Consumer Services maintain a negative credit outlook for four consecutive months.
US Consumer Services: Net Deterioration Trend Continues
US Consumer Services firms maintain a negative credit outlook for four consecutive months.
US Consumer Services CCI score this month is 48.0, a decrease from last month’s CCI of 49.3.
Latest US Consumer Confidence Indicator shows a month-over-month decrease.
UK Consumer Services: Net Improvement Trend Forms
UK Consumer Services firms maintain a positive credit outlook for three consecutive months.
UK Consumer Services CCI score this month is 50.9, a slight deterioration from last month’s CCI of 51.8.
Latest UK Consumer Confidence Indicator rises to its highest level since February 2022.
EU Consumer Services: Net Improvement Continues
EU Consumer Services firms continue to show a positive credit outlook.
EU Consumer Services CCI score this month is 56.8, a modest improvement from last month’s CCI of 54.0.
Latest EU Consumer Confidence Indicator shows a month-over-month increase.
To download the full CCI tear sheets for US, UK & EU Consumer Services, please enter your details below:
In the current low yield environment, many Sovereign bonds issued by different countries are priced at similar levels. However, this Read more
Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to Read more
This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more Read more
The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a Read more
