Insights
Credit Spotlight on US Regional and State Default Risk Trends
Credit Benchmark’s US Default Risk Regional Trends analysis highlights emerging pressures and resilience across the American economy.
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Financials Credit Risk Could Grow if Real Estate Woes Infect Wall St
Financials may be heading for more credit strain as the Real Estate sector transmits problems on Main Street into problems for Wall Street.
Leveraged Loans – Light at the End of the Tunnel or an Approaching Train?
Leveraged Loans continue to divide investor opinion. Values declined as part of the High Yield rout earlier this year, but they have been slower to recover. Consensus credit trends suggest that some of the bbb and bbb- CLO issuers may be in for a bumpy ride.
No Signs of a Soft Credit Landing for Airlines
Global airlines face a battle for their survival, and equity indexes reflect recent volatility. However, any temporary rallying in airline stocks is at odds with the relentless decline seen in credit risk consensus data.
Credit Risk Changes and Equity Performance During COVID
How far do equity market movements reflect credit developments during the COVID crisis?
The Tortoise and the Hare: Consensus Credit Estimates and Corporate Credit Spreads
After six months of market volatility, credit spreads have coincided with the much slower ascent of Consensus credit risk, suggesting the latter is a calmer indication of future credit market movement.
The Solvency Boundary
Consensus credit data suggests that in times of crisis, the “Solvency Boundary” between investment-grade and non-investment grade credits is more fluid than during non-crisis times. The implication for bond and equity investors is that in the current environment, not all BBB issues are the same.
