Rising costs worsen the credit outlook of global renewable energy firms

2023-10-17 ~ 2023-10-23

Published on: 2023-10-23

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This Weekly Credit Brief was published 50 days ago. The information within it may have since developed or changed.

PD – Term Structure

AS – Term Structure

Recovery Rate:

PD – Historical Time Series

Forecast Horizon:

AS – Historical Time Series

Contract Term: Recovery Rate:

Historical default-number distributions with default correlations (DC) will be back-filled gradually. Currently, default-number distributions with DC are available for: 2008-06-30 - 2023-12-08 while the rest are computed under the assumption of zero default correlations. Default-number distributions are at month-ends whereas the current ones are for the latest Friday.

The probability that exactly N companies from the selected group will default for the selected date and forecast horizon out of:

Probabilities of Default for Different Prediction Horizons:
Data Table
Actuarial Spreads for Different Tenors:
Set Individual Recovery Rates (RR) Data Table
The probability over time that the selected entity(s) will default within the next:
One month Three months Six months One year Two years Three years Five years

The historical time series of the Actuarial Spread for the selected entity(s) based on a contract term of:
One Year Two Years Three Years Four Years Five Years

Set Individual Recovery Rates (RR)

Data notes

    • The PDs and Actuarial Spreads of each company/economy are computed using model parameters that were calibrated
      • on 2023-12-05.
      • using data that was available on 2023-11-30.
    • The aggregate PD and Actuarial Spread displayed are calculated using the simple median of the individual measures in each group. The aggregate PD and Actuarial Spread using mean values are accessible through the data download section.
    • The regions are regrouped on 2017-12-18 as: Asia Pacific (Developed), Asia Pacific (Emerging), North America, Europe (including 2 subgroups: Eurozone and Non-Eurozone), Latin America & Caribbean (including 2 subgroups: Latin America and Caribbean), Sub-Saharan Africa, and Middle East, North Africa & Central Asia (including 3 subgroups: Middle East, North Africa and Central Asia).
    • The Financial Sectors in BICS2020 is devided into Banking, Financial Services and Insurers.

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