Let the Sector Games Begin – January 2016
Companies are having an early start at their own Olympics
On a quarterly basis, Euler Hermes measures sector risk for 18 sectors in 72 countries. In 2015, out of 1300 industries (country x sector), we recorded 148 industry downgrades for only 76 upgrades. From Metal in the United States to Food in Turkey to Construction in Saudi Arabia (which went from low risk to high risk in less than a year), 2015 marked a year of renewed non-payment risk for many sectors which were already fragile.