Investors use quant index to analyse Aussie credits

ANZ tours Asia to introduce fixed-income investors to a new credit quality index, which measures ''distance to default''.

The credit quality of Australian companies continues to improve according to ANZ Investment Bank's Crystal Credit Quality Index, a quantitative index being introduced to Asian investors this week.

The index was launched in November last year and, according to its creators, shows Aussie credits moving further away from the likelihood of default. This is in contrast to the trend observed by the credit rating agencies which have reported a continued deterioration of Australian credits in recent years.


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