Risk.net

Decline in credit quality slows

risk-0507-04-gif

The decline of credit quality in western Europe slowed in the first quarter of 2007 due to strong economic growth, especially in the financial sector. But an upturn in the credit cycle is not in sight this year, according to a report by Moody's Investors Service.

The upgrade-to-downgrade ratio rose to 0.84 over the quarter, from a low of 0.40 in the third quarter of 2006. This improvement was due to sustained appetite for risk and strong corporate cashflows, the report says.

The outlook for th

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: