Risk.Net: August Credit Data Review

US President Donald Trump says the package of tax cuts he signed into law last year unleashed an “economic miracle”, and with growth leaping to 4.1% in the second quarter, he has at least this one number on his side. The question is whether it can be sustained.”

“US states will be hoping it can. For the states, fiscal stimulus is a double-edged sword; constraining their tax receipts in the short term, while potentially spurring more growth over the longer term. For now – as with the aggregate impact of the cuts themselves – things look good.”

In this series of monthly articles from Risk.net, David Carruthers, head of research at Credit Benchmark, discusses the effect of Trump administration tax cuts on US states, plus compares the recent credit performance of US basic materials, oil and gas, and industrials. Also covered this month is a comparison between the credit trends and distribution of South African vs African (ex-South African) banks, in addition to global credit industry trends.

Read the full article here or in the August edition of Risk Magazine.

Sovereign Bond Risk Management

In the current low yield environment, many Sovereign bonds issued by different countries are priced at similar levels. However, this Read more

Introduction For Credit Portfolio Managers

Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to Read more

Sovereign Default Risk In Developing Economies

This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more Read more

Impact Of BCBS Proposals On IRB Banks

The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a Read more

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Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.