The Southeast U.S.A. is in the middle of its annual hurricane season. In this blog, we look at the impact that a severe hurricane could have on a range of companies, depending on their credit risk and their geographic location. For the past few years, hurricanes in this area have

Global IRB banks have been steadily upgrading the Irish Government over the past year ; and the country’s long term rating was recently upgraded by Fitch and Moody’s. This was mirrored in the upgrade of the CBC* by one notch. This improving bank view of Ireland reflects a robust trade

The main rating agencies have so far been unanimous in their credit opinion of the Australia Government; they have all assigned the equivalent of a AAA risk rating. However, due to the political deadlock following last weekend’s election, S&P have put Australia on Negative Outlook, while Moody’s and Fitch have

The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a call for responses by the end of June. The Credit Benchmark submission aims to quantify some of the possible positive and negative impacts of the BCBS proposals. This report is

The UK referendum decision to leave the EU may have taken markets and betting exchanges by surprise, but Credit Benchmark data shows that IRB banks have been increasingly cautious on the UK for some months. Contributing banks re-assessed the UK Sovereign Probability of Default (‘PD’) in March, effectively downgrading the

The Basel Committee on Banking Supervision is proposing significant changes to the use of internal risk models by IRB banks, and the final date for industry responses is the end of this week.  A copy of the press release and paper can be found here One proposal which could have a