The Bust and the Boom: Sectors to Watch as Lockdown Eases


The economic damage of the pandemic is far from over, but some sectors are showing the leading indicators of their future recovery. Airlines are reporting a surge in bookings for summer 2021, and major live sporting events are likely to start admitting some fans from early summer.

Global savings rates are at levels not seen for decades, a sign of the pent-up consumer spending that should drive strong demand for cars, clothes, holidays, sport and leisure.

Booming demand will attract fresh investment and strengthen battered balance sheets. While many of the current Covid winners will continue to benefit from permanently altered business and consumer habits, the losers who have survived so far could have a bumper year.

Figure 1 shows the pattern of 12-month consensus credit changes – upgrades and downgrades on the 21-category scale – for global sectors [please continue below to access full report].

Credit Benchmark data is now available on Bloomberg – high level credit assessments on the single name constituents of the sectors mentioned in this report can be accessed on CRPR or via CRDT . Get in touch with us to request your free trial for Credit Benchmark Premium Data and Analytics on Bloomberg.

Please complete your details to continue reading this report:

    By clicking the "Submit" button, you are agreeing to the Credit Benchmark Terms of Use and Privacy Policy.

    Download Full Report
    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


    Follow us on:

    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.