Our ratings research is used by the world’s financial markets when they need data driven insights and analysis. Whether to help evaluate strategic portfolio positions, develop investment ideas, or identify potential gaps and opportunities, we provide top-down information on ratings transitions and anomalies, ratings performance, and default and recovery research.
Annually The default studies provide defaults and ratings transitions by sector and region and a comprehensive view on speculative-grade defaults, including other measures of credit quality, such as issuance and rating trends.
Ongoing The report updates the global corporate defaults tally within the current year, including defaults in the financial and non-financial sectors. It provides a table listing all global defaults, as well as countries, subsectors, rating transition, and default reason.
Ongoing The report provides an update of the global weakest links, including weakest links counts by sector and region. We define weakest links as issuers rated 'B-' or lower by S&P Global Ratings with negative outlooks or ratings on CreditWatch with negative implications. These issuers default at a rate of 8x that of their broader, speculative-grade counterparts, and 50% of weakest links default in one-year, on average, during periods of credit stress.
Ongoing Report looks at the performance of the speculative-grade market in terms of current credit trends as well as default rate projections for the U.S. and Europe.