FCF Credit Monitor – Q3 2021 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Credit Monitor – Q3 2021”.

The FCF Credit Monitor is a standardized report / analysis of the Euro issued bond market and provides valuable sector and competitive intelligence. The report is published by FCF on a quarterly basis.

Key insights of Q3 2021 are:

  • The FCF Credit Monitor is based on ~850 corporate bonds from around 200 issuers which are meeting the FCF selection criteria (for more details see p. 4 in the FCF Credit Monitor). The total outstanding volume of the selected bond universe sums up to ~EUR 600bn
  • The analysis shows the correlation between rating class and yields of corporate bonds
  • Especially the yield differences between investment grade and non-investment grade bonds are shown when comparing yields of the “BBB”-rated bonds (lower limit of the investment grade rating) and “BB”-rated bonds (upper limit of the non-investment grade rating): Spreads between yield curves within the investment grade classes are relatively small (ranging between 0.01% to 0.33%), however a significant increase in risk premia is seen for the noninvestment grade rating classes (starting at BB) (0.60% for 1 Years maturities; 2.66% for 8 Years maturities)

To access the full report, please click here.

By Marcel Lange, Mathias Übler and Yasmin Herrmann