2023/09/27 / Erste Group Research |
Credit Markets Weekly |
Inflation declines, but only slowly The first flash estimate of September inflation for the Eurozone will be released on Friday. The Bloomberg consensus expects a decline to 4.5%, down from 5.2% in August. A longer increase in interest rates is likely to lead to a decline in investment in the corporate sector. This will curb innovation and economic growth. In the high-yield sector in particular, a gradual increase in refinancing requirements at rising costs could weigh on the interest coverage ratio and lead to moderately rising default rates. Special topics of the week: - Austria Outlook: Economy stagnates, inflation remains high - Issuer in focus: The Federal State of Lower Austria |
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Author | Erste Group Research |
Date | 2023/09/27 |
Product type | weekly / bi-weekly |
Product name | Credit News |
Topic in focus | Credits/ Corporate bonds |
Language | ![]() |
Market cap | - |
Availability | All [1] |
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