German growth numbers are at a five-year low and a recession looks increasingly likely.  German exports are still growing but the rate has been hit by China’s internal and external economic challenges, as well more global trade-related problems.  The global auto sector is facing a pause in demand as technology

The large proportion of US Corporate debt in BBB bonds has raised concerns in the financial press that any economic weakness could see a significant proportion of these downgraded to Non-investment Grade.  But bonds are only part of the Corporate debt picture; bank-sourced data shows the credit distribution of corporate

Credit Benchmark has published the latest monthly credit consensus data (from November 2018), with 29 contributor banks. The set of bank-sourced credit views (CBCs*) now covers nearly 24,500 separate legal entities. The monthly upgrades and downgrades overview is now based on data adjusted for changes in contributor mix. Monthly consensus

In the recent US mid-term elections, both parties claimed enough of the spoils to declare victory – the Democrats regaining control of the House of Representatives, the Republicans tightening their grip on the Senate. But at the halfway point in a deeply divisive administration – one that saw many sectors benefit from a

Credit Benchmark has published the latest monthly credit consensus data (from October 2018), with 29 contributor banks. The set of bank-sourced credit views (CBCs*) now covers more than 24,000 separate legal entities. The monthly upgrades and downgrades overview is now based on data adjusted for changes in contributor mix. Monthly

Recent stock market declines have been led by Technology stocks.  In early October, Apple became the first company in history to reach a market value of $1trn; but since then the combined market cap of the FAANG* stocks has lost more than that amount.  Apple, in particular, is now officially