Macro Credit Stress Test

Fortune 1000 aggregate corporate credit and national CRE banking market, by economic scenario.

BaselineAdverseSeverely Adverse

Current Market Conditions

F1000 Aggregate EBIT

$1.8T

F1000 Interest Expense

$450B

Interest Coverage Ratio

4.00x

National CRE Delinquency Rate

2.4%

Simulates FRED DRCRELEXFACBS

Institutional Liquidity Ratio

1.25x

Implied Rating Migration

BBB+ Stable