At systemic US banks, corporate default risk ebbed in Q4

Top US banks’ internal models revised down the likelihood that corporate borrowers would welch on their debts over the fourth quarter. However, end-of-year probability of default (PD) ratings remained elevated compared to end-2019.

The median weighted-average PD for corporate exposures across the eight US global systemically important banks (G-Sibs) was 1.6% as of end-December, down from 1.73% as of end-September but up from 1.22% at end-2019.

Year on year, weighted-average PD increased most

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: