Credit recovery

Category: ABS

Previous Story       Next Story

Rating upgrades outpace downgrades

Rating upgrades are outpacing downgrades this year, although net upgrades so far represent only about 12% of the net Covid-induced downgrades in 2020. Still, credit outlooks in aggregate have stabilised and returned to pre-pandemic levels, while default rates have fallen sharply and are trending towards their long-term average.

Already registered?

Not yet registered? Join today to access SCI Content.