FCF
Credit Monitor

FCF regularly engages in comprehensive research on the public European bond market based on publicly available data. The findings are published quarterly in the

FCF CREDIT MONITOR

The FCF Credit Monitor includes the following sectors:

Comprehensive Sector Coverage:
  • Consumer Discretionary
  • Consumer Staples
  • Energy
  • Healthcare
  • Information Technology
  • Materials
  • Telecommunications
  • Utilities
The report provides valuable sector and competitive intelligence and entails:
  • Yield curves across all rating classes by sector and maturity
  • Yield across all sectors by rating class and maturity
  • Historical 3-year yield development across all industries and rating classes by maturity
  • Detailled sector analysis including:
    • Yield curves by rating class and maturity
    • Historical 3-year yield developments across all maturities by rating classes
Key findings of the FCF Credit Monitor (Q3 2021):
  • 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)

SMALLCAP / MIDCAP RESEARCH SERIES

The FCF SmallCap / MidCap research reports are periodically updated and cover eight specific sectors as well as certain general capital market developments. Based on the data of publicly listed European corporates, the respective sector and market are individually analyzed. Our systematic analyses include information to, amongst others:

Sector Research

Automotive Supplier Market Study
Research on the automotive supplier sector based on available data from European automotive suppliers.

European Chemicals Market Study
Research on the chemicals sector based on available data from European chemical companies.

Forestry Paper and Packaging Market Study Cover GenericForestry, Paper and Packaging Market Study Research on the forestry, paper and packaging sector based on available data from European forestry, paper and packaging companies.

Industrial Machinery Market Study
Research on the industrial machinery sector based on available data from European industrial machinery companies.

Metals and Materials Market Study CoverMetals & Materials Market Study
Research on the metals & materials sector based on available data from European metals & materials producers.

Logistics & Transportation Market Study
Research on the logistics and transport sector based on publicly available data from European logistics and transportation providers.

European Infrastructure & Construction Market Study
Research on the logistics and transport sector based on publicly available data from European logistics and transportation providers.

Pharmaceutical Market Study CoverEuropean Pharmaceutical Market Study
Research on the pharma sector based on available data from European pharma companies.

Pharmaceutical Market Study CoverTMT Market Study
Research on the TMT sector based on available data from European TMT companies.

Market Research

The FCF market research covers e.g. fundamental analysis of interest rate and margin development in the German corporate lending / debt market, development of the rating and credit standing of banks addressing the German MidCap corporate lending market, etc.

Bank Monitor
Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.

IPO Market Monitor
Providing relevant valuation metrics (e.g. ratios, multiples), general information and performance data of European IPOs that have been issued within the last six months.

Valuation Monitor
The FCF Valuation Monitor is a comprehensive quarterly valuation analysis (e.g. ratios and multiples) for the German small / midcap market segment of selected industry sectors.

Credit Monitor
Comprehensive analysis of the interest rate environment and loan market for corporates in Germany.

NEWS & PRESS

FCF Bank Monitor – Q3 2021 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2021”. FCF regularly engages in research on the banking sector based on available data from the most active and

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