The Wall Street Journal: Coronavirus Fallout Exposes Vulnerability of Junk Debt

Debt investors are grappling with the worst selloff in the riskiest corner of the corporate debt market in over a decade, writes Lorena Ruibal for The Wall Street Journal, citing Credit Benchmark data.

An economic downturn caused by the impact of the coronavirus epidemic could wipe out returns and risk tilting debt-bloated high-yield companies into default.

“Default risk has climbed 6% for large U.S. oil and gas firms in the past year, according to Credit Benchmark.

The Wall Street Journal, March 9, 2020.

View original article (external link).

Thomson Reuters, Data Explorers Vets Found Ratings Analysis Firm

Credit Benchmark, a new startup that will provide aggregated analysis of trading firms’ proprietary credit ratings and risk assessments, has Read more

Credit Benchmark Readies Launch For 2014

London-based startup consensus credit ratings provider Credit Benchmark has begun its proof-of-concept phase with an undisclosed number of contributing banks, Read more

Press Coverage Of $7MM Series A Financing

Credit Benchmark received wide-ranging press coverage on its $7MM Series A financing. All Media Ny Financial News Finextra Read more

London’s Tech Firms Raise Record $1bn Of Venture Capital Investment

London tech firms attracted a record $1bn (£626m) of venture capital investment in just the first nine months of 2014. 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.