★ AIDI-20 · AI Disruption Credit Index

Net spread over US High Yield

—bps

Equity-implied 1-year credit spread of 20 leveraged issuers in BPO, content and translation, per-seat software and IT services (Merton structural model), less the ICE BofA US High Yield OAS. Positive: the basket prices wider than the high-yield market.

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What makes up the level

What moved it over 1 month

Clusters

Average spread of priced issuers. Filter narrows the calculation base below.

Calculation base

Model outputs only: prices, market values and debt are inputs and are not republished. Sᵢ, wᵢ·Sᵢ and Δ in bps.

Net spread over US High Yield

What makes up the level

What moved it over 1 month

Clusters

Calculation base

Specification

Data quality and known limits