COSTA MESA, Calif.,
Nov. 17, 2016 /PRNewswire/
-- The presidential election was a historic event, with
passionate supporters on both sides of the aisle, all wondering
what would happen. As we look back on the third quarter, we see
that small businesses shared the uncertainty about what the future
might hold. Experian®, the leading global information
services company, and Moody's Analytics, a leading independent
provider of economic forecasting, today announced that while small
business in Q3 enjoyed strong job growth and stable credit
conditions, utilization rates continued to fall.
To see a copy of the latest Experian/Moody's Analytics Main
Street Report, visit
http://www.experian.com/business-information/landing/msr-q3-2016.html
According to the analysis, small-business credit
utilization dropped to just under 49 percent, while the amount of
available credit rose by more than 1 percent. With this detailed
look at small-business performance, both lenders and small-business
owners can have a better understanding of the challenges and
opportunities available to the sector.
"The U.S. election may have contributed to uncertainty and
constrained investment in the small-business segment," said
Gavin Harding, senior business
consultant for Experian. "However, in the coming months we will
have a clearer picture of the new administration's policy agenda as
it relates to business. Whatever the outcome, with strong
fundamentals and capital availability, small businesses are in a
good position to respond."
At the national level, small businesses continued to do well
managing delinquencies, remaining essentially unchanged from the
previous quarter. Severe delinquencies — those 90 or more days past
due — showed a decline by 3.7 percent over the last quarter,
falling from 5.6 percent to 5.4 percent.
"Credit conditions for small businesses are good and continue to
improve, reflecting the solid economy," said Mark Zandi, chief economist for Moody's
Analytics. "The only blemish is in the energy and related
transportation industries, which are struggling with lower oil
prices. All signs suggest further declines in delinquency and
bankruptcy in the near future."
Other sections in the Q3 2016 report include a detailed analysis
of:
- Small-business risk-assessment strategies.
- Regional perspectives.
- Shifting industry patterns.
- Credit quality.
- A forecasted outlook for the coming months.
In-depth insight and commentary from the Experian/Moody's
Analytics Main Street Report, as well as additional research,
will be presented in a webinar on Dec.
14 at 10 a.m.
Pacific/1 p.m. Eastern. To register
for the event or for more information, visit
http://www.experian.com/business-information/landing/msr-q3-2016.html.
About the Experian/Moody's Analytics Main Street
Report
Developed by Experian and Moody's Analytics, the
new Experian/Moody's Analytics Main Street Report brings
deep insight into the overall financial well-being of the
small-business landscape, as well as providing commentary about
what certain trends mean for credit grantors and the small-business
community as a whole. Key factors comprised by the Main Street
Report include a combination of business credit data (credit
balances, delinquency rates, utilization rates, etc.) and
macroeconomic information (employment rates, income, retail sales,
investments, etc.).
About Moody's Analytics
Moody's Analytics helps
capital markets and risk management professionals worldwide respond
to an evolving marketplace with confidence. The company offers
unique tools and best practices for measuring and managing risk
through expertise and experience in credit analysis, economic
research and financial risk management. By providing leading-edge
software, advisory services, and research, including the
proprietary analysis of Moody's Investors Service, Moody's
Analytics integrates and customizes its offerings to address
specific business challenges. Moody's Analytics is a subsidiary of
Moody's Corporation (NYSE: MCO), which reported revenue of
$3.5 billion in 2015, employs
approximately 10,900 people worldwide and maintains a presence in
36 countries. Further information is available at
www.moodysanalytics.com.
About Experian's Business Information
Services
Experian's Business Information Services is a
leader in providing data and predictive insights to organizations,
helping them mitigate risk and improve profitability. The company's
business database provides comprehensive, third-party-verified
information on virtually all U.S. companies, with the industry's
most extensive data on the broad spectrum of small and midsize
businesses.
By leveraging state-of-the-art technology and superior
data-compilation techniques, Experian provides market-leading tools
that proactively support the entire credit life cycle, enabling our
clients to find new customers, process new applications, manage
customer relationships and collect on delinquent accounts.
About Experian
We are the leading global information
services company, providing data and analytical tools to our
clients around the world. We help businesses to manage credit risk,
prevent fraud, target marketing offers and automate
decision-making. We also help people to check their credit report
and credit score and protect against identity theft. In 2016, for
the third year running, we were named one of the "World's Most
Innovative Companies" by Forbes magazine.
We employ approximately 17,000 people in 37 countries and our
corporate headquarters are in Dublin,
Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and
is a constituent of the FTSE 100 index. Total revenue for the year
ended March 31, 2016, was
US$4.6 billion.
To find out more about our company, please
visit http://www.experianplc.com or watch our
documentary, "Inside Experian."
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian Information Solutions, Inc. Other
product and company names mentioned herein are the property of
their respective owners.
Contacts:
Roslyn
Whitehurst
Experian Public Relations
1
714 830 5578
Roslyn.Whitehurst@experian.com
Twitter: @RozWhitehurst
Katerina Soumilova
Moody's Analytics
Communications
1 212 553
1177
katerina.soumilova@moodys.com
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SOURCE Experian