## Figure 1.11. Corporate Credit Quality Indicators in Advanced Economies

## Source details

**Canonical URL:** [Figure 1.11. Corporate Credit Quality Indicators in Advanced Economies](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-11.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-11.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-11.csv.json)

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### Overview
- Dataset title: "Figure 1.11. Corporate Credit Quality Indicators in Advanced Economies"
- Metric described: "Share of Corporate Debt Owed by Firms with Low (below 1) and Subpar (between 1 and 3) EBITDA-to-Interest Expense Ratios" (Percent)
- Economies covered in the sample rows: United States, Euro area, United Kingdom, Japan
- Years reported (by economy columns in sample): United States: 2007, 2008, 2018; Euro area: 2007, 2009, 2018; United Kingdom: 2007, 2008, 2018; Japan: 2007, 2009, 2018

### Share of Corporate Debt Owed by Firms with Low and Subpar ICR (ICR<3 and ICR<1)
- United States
  - ICR<3: 2007 = 22.61; 2008 = 28.76; 2018 = 9.99
  - ICR<1: 2007 = 2.16; 2008 = 5.21; 2018 = 2.16
- Euro area
  - ICR<3: 2007 = 20.21; 2009 = 23.02; 2018 = 12.25
  - ICR<1: 2007 = 3.76; 2009 = 5.35; 2018 = 1.86
- United Kingdom
  - ICR<3: 2007 = 18.75; 2008 = 32.78; 2018 = 17.50
  - ICR<1: 2007 = 1.86; 2008 = 3.33; 2018 = 8.79
- Japan
  - ICR<3: 2007 = 0.92; 2009 = 5.90; 2018 = 1.61
  - ICR<1: 2007 = 0.16; 2009 = 3.04; 2018 = 1.08

### Key observations from reported values
- The United States shows ICR<3 values of 22.61, 28.76, and 9.99 for 2007, 2008, and 2018 respectively.
- The United Kingdom records an increase in ICR<3 from 18.75 in 2007 to 32.78 in 2008, then 17.50 in 2018.
- Japan's ICR<3 remains low relative to other economies in the sample: 0.92 (2007), 5.90 (2009), 1.61 (2018).
- Euro area ICR<1 declines from 5.35 in 2009 to 1.86 in 2018.
- United Kingdom ICR<1 is 8.79 in 2018, higher than its 2007 and 2008 values in the sample.

*Source: Figure 1.11. Corporate Credit Quality Indicators in Advanced Economies (dataset) — csv worksheet sample rows*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-11.csv_