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 Industrials based on the consensus views of over 30,000 credit analysts at 40 of the world’s leading financial institutions.
Drawn from more than 800,000 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 industrials. 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.
The September CCIs show further credit deterioration for UK industrials, a dip back into deterioration for EU companies, and the US maintains a positive trend.
The UK CCI for September is 48.2, dropping deeper into negative territory and suggesting a return to a downgrade trend.
The EU CCI for September is 49.5; trend continues to hover near neutral baseline.
The US CCI for September is 50.4; improvements are steady but remain modest.
To download the full CCI tear sheets for UK, EU (ex-UK) and US Industrials, please enter your details below: