{"id":196375,"date":"2026-06-25T13:54:58","date_gmt":"2026-06-25T10:54:58","guid":{"rendered":"https:\/\/icapcrif.com\/?p=196375"},"modified":"2026-09-02T13:57:19","modified_gmt":"2026-09-02T10:57:19","slug":"eu-27-non-financial-corporates-broadly-resilient-credit-profile-but-downside-risks-increasing","status":"publish","type":"post","link":"https:\/\/icapcrif.com\/en\/eu-27-non-financial-corporates-broadly-resilient-credit-profile-but-downside-risks-increasing\/","title":{"rendered":"EU-27 NON-FINANCIAL CORPORATES: BROADLY RESILIENT CREDIT PROFILE, BUT DOWNSIDE RISKS INCREASING"},"content":{"rendered":"<p style=\"text-align: right;\"><strong>Athens, June 25th 2026<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #003366;\"><strong>PRESS RELEASE<\/strong><\/span><\/h3>\n<p style=\"text-align: center;\"><strong><span style=\"color: #003366;\">EU-27 NON-FINANCIAL CORPORATES: BROADLY RESILIENT CREDIT PROFILE, BUT DOWNSIDE RISKS INCREASING<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<div>\n<p style=\"text-align: center;\"><strong><span style=\"color: #003366;\">Overall sustainable credit risk for EU-27 corporates, albeit within an increasingly uncertain and fragile global environment.<\/span><\/strong><br \/>\n<strong><span style=\"color: #003366;\">\u2022 1-year public default rates1 are expected to rise to 0.48% in 2026 and 0.58% in 2027 from c. 0.4% in 2024-25 under a baseline scenario. In an adverse scenario, they can rise to 0.71% in 2027, remaining strongly tied to the evolution of macroeconomic, geopolitical and credit conditions.<\/span><\/strong><br \/>\n<strong><span style=\"color: #003366;\">\u2022 Construction &amp; Real Estate sector is the most vulnerable, while Manufacturing and Commerce face increasing pressure.<\/span><\/strong><\/p>\n<p style=\"text-align: center;\">Bologna, 22 June 2026 \u2013 Limited liabilities non-financial corporates in the European Union (\u201cEU-27\u201d) have weathered<br \/>\na prolonged period of economic and geopolitical shocks over the last few years. Despite the challenging<br \/>\nenvironment, characterized by the aftermath of the COVID\u201119 pandemic, inflation shocks, tight monetary policies,<br \/>\nsupply chain disruptions and geopolitical tensions, European corporates highlighted a remarkable resilience, as<br \/>\nconfirmed by a broadly stable and sustainable credit risk profile between 2022 and 2024. That resilience, however,<br \/>\nis now being tested. Corporate fundamentals remain broadly sound; however, EU-27 corporations are facing<br \/>\nincreasing pressure from tightening macroeconomic conditions and elevated geopolitical uncertainty. While<br \/>\nnegotiations between US and Iran to reach an agreement are ongoing, CRIF foresees an increase in the credit risk in the 2026-2027 period,<br \/>\nThis is what emerges from the first edition of CRIF European Credit Outlook. By integrating default rates, proprietary<br \/>\nscoring, financial indicators, sector trends, banking dynamics and forward-looking scenarios, the CRIF European<br \/>\nCredit Outlook provides a comprehensive assessment of the credit risk profile of c. 48,000 limited liabilities nonfinancial corporates across<br \/>\nthe EU-27 with more than EUR 50m of revenues, positioning itself as a unique benchmark for credit risk assessment across European non-financial corporates.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p style=\"text-align: center;\">Read <strong><a href=\"https:\/\/dir.icapcrif.com\/mailimages\/PressReleases\/2026\/CRIF_Ratings_European_Credit Outlook_22.06.2026_ENG.pdf\">here<\/a><\/strong> the whole Press Release<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an excellent atmosphere<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[435,423,2],"tags":[],"class_list":["post-196375","post","type-post","status-publish","format-standard","hentry","category-icapcrif-services-en","category-news-en","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - 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