Credit Benchmark have released the November 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 November 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 November is 49.3; deteriorating trend persists but net downgrades are moderate.
The EU CCI for November is 46.1; net downgrades continue to increase.
The US CCI for November is 47.8; downgrades outnumber upgrades for a second month.
To download the full CCI tear sheets for UK, EU (ex-UK) and US Industrials, please enter your details below: