NEW YORK (S&P Global Ratings) June 23, 2020--S&P Global Ratings today published its "U.S. And Canada Structured Finance Surveillance Chart Book," covering U.S. and Canada structured finance.
Please read/download the report at: https://www.standardandpoors.com/web/guest/article/-/view/sourceId/100044572
The report includes a round-up of the latest credit developments that we've observed across structured finance sectors, along with data on recent rating actions and underlying performance indicators. We also highlight the key takeaways from our recent research publications.
Since the beginning of March 2020, we have taken negative actions on about 3% of our U.S. and Canada structured finance ratings due to the COVID-19 pandemic and/or the decline in oil and gas prices.
S&P Global Ratings acknowledges a high degree of uncertainty about the evolution of the coronavirus pandemic. The consensus among health experts is that the pandemic may now be at, or near, its peak in some regions, but will remain a threat until a vaccine or effective treatment is widely available, which may not occur until the second half of 2021. We are using this assumption in assessing the economic and credit implications associated with the pandemic (see our research here: www.spglobal.com/ratings). As the situation evolves, we will update our assumptions and estimates accordingly.
This report does not constitute a rating action.
S&P Global Ratings, part of S&P Global Inc. (NYSE: SPGI), is the world's leading provider of independent credit risk research. We publish more than a million credit ratings on debt issued by sovereign, municipal, corporate and financial sector entities. With over 1,400 credit analysts in 26 countries, and more than 150 years' experience of assessing credit risk, we offer a unique combination of global coverage and local insight. Our research and opinions about relative credit risk provide market participants with information that helps to support the growth of transparent, liquid debt markets worldwide.
|Primary Contacts:||Mark M Risi, New York (1) 212-438-2588;|
|Winston W Chang, New York (1) 212-438-8123;|
|Secondary Contacts:||John A Detweiler, CFA, New York (1) 212-438-7319;|
|Brenden J Kugle, Centennial + 1 (303) 721 4619;|
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