September Credit Consensus Indicators (CCIs) – UK, EU and US Oil & Gas

Credit Benchmark have released the September Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK and EU Oil & Gas based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.

Drawn from more than 950,000 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 Oil & Gas. 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.

This month US Oil & Gas firms end their streak of 17 consecutive months of positive credit quality. UK Oil & Gas firms return to positive territory once again and EU Oil & Gas CCI score sits neutral.

UK Oil & Gas: Ups and Downs

UK Oil & Gas firms recently ended its run of improvements, with a CCI score of 49.5 last month.

However, the UK Oil & Gas CCI score is 52.3 this month, returning US Oil & Gas firms to positive territory once again.

A new agreement signed between an oil and gas operator and a green energy and infrastructure developer will see the creation of one of the UK’s first wind-powered oil and gas production facilities.


EU Oil & Gas: Neutral

EU Oil & Gas firms have experienced some instability in their collective credit quality this year, with multiple reversals between improving and deteriorating credit quality.

However, the EU Oil & Gas CCI score sits neutral at 50 this month.

Europe clings to stability as Russia halts gas supplies, citing a need for maintenance on its only remaining compressor.


US Oil & Gas: Trend of Net Improvement Ends

This month US Oil & Gas firms ended their streak of 17 consecutive months of positive credit quality.

The US Oil & Gas CCI score is 47.9 this month, a significant drop from last month’s CCI of 56.6.

Interest rate and recession fears knock stocks and oil, as US crude oil slides below $90 a barrel.


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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.