Market Graphic: Downgrade potential for AAA to B- issuers

Research from Standard & Poor’s shows that the downgrade-to-upgrade ratio is normalising, perhaps giving an indicator that the worst of the recession is over.

The number of S&P-rated issuers poised for downgrades* declined slightly in September, to 921 from 955 in August, largely as a result of materialised downgrades with assignments of stable outlooks. This reduction comes after record highs were reached nearly every month since January 2008. By contrast, 161 entities are poised to benefit

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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