Company’s Credit Ratings Highlights Europe’s Slump

The average company’s credit ratings has fallen in the three biggest euro zone economies over the last year, according to a new report, highlighting the slump in the region’s short-lived recovery.

Corporate credit ratings had dropped in France, Germany and Italy—the euro zone’s biggest economies by 2013 GDP—according to business credit information firm Creditsafe, which analysed the financial health of 26 million companies throughout Europe. Credit ratings reflect a company’s ability to repay its debts and the likelihood of bankruptcy.

Better news came from the U.K., which is not part of the single currency zone. Corporate credit ratings in the country increased significantly across several bellwether sectors including manufacturing, construction, retail and professional services.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.