NBIM and Credit Benchmark partner
19 February 2026 UK
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Norges Bank Investment Management (NBIM) has partnered with Credit Benchmark as it seeks deeper insight into unrated and opaque areas of the global credit market where traditional signals are limited or unavailable.
Using Credit Benchmark’s credit consensus data via Snowflake, NBIM is embedding independent, consensus-driven credit intelligence into its counterparty selection, collateral assessment, and ongoing risk monitoring frameworks.
The expanded use supports disciplined, forward-looking decision making across credit cycles, aligning with NBIM’s long-term investment horizon and responsibilities as a global financial market participant.
A key focus of the partnership is NBIM’s securities finance activity, where traditional ratings often fail to provide adequate coverage.
NBIM will use Credit Benchmark data as a factor to assess the creditworthiness of counterparts including funds and associated collateral — focusing on segments of the market that are typically unrated and structurally opaque, yet systemically important.
Credit Benchmark’s dataset aggregates and anonymises contributed credit risk views from over 40 global financial institutions, delivering a unique, real-world perspective on obligor creditworthiness.
With coverage spanning more than 120,000 entities worldwide — the vast majority of which are unrated — the data provides supplementary visibility into credit exposures that sit beyond the reach of traditional ratings frameworks.
Matthew Brunette, global head of financing at NBIM, states: “As we expand our securities finance activities, access to high-quality insights on hitherto unrated counterparties is essential.
“Credit Benchmark provides a level of transparency that cannot be obtained elsewhere, particularly for funds and other unrated entities and will play an important role within our broader counterparty and credit risk framework.”
Mark Faulkner, co-founder of Credit Benchmark, adds: “Credit Benchmark was founded to illuminate areas of credit risk where traditional data is scarce or simply does not exist.
“By aggregating and anonymising the collective credit views of global banks, we deliver a differentiated, forward-looking view of risk grounded in real market expertise.
“We are proud to support NBIM and a growing number of large funds — many of which are Global Peer Financing Association members with intelligence that fills critical gaps in unrated credit, strengthens internal risk frameworks, and enables more confident decision-making in an increasingly unpredictable macroeconomic environment.”
The firms state that the multi-year collaboration between them reflects a shared commitment to resilience, transparency, and long-term risk management.
By leveraging Credit Benchmark’s consensus dataset, NBIM says it is enhancing its preparedness for the next phase of the credit cycle and reinforcing its ability to manage risk across global portfolios.
Using Credit Benchmark’s credit consensus data via Snowflake, NBIM is embedding independent, consensus-driven credit intelligence into its counterparty selection, collateral assessment, and ongoing risk monitoring frameworks.
The expanded use supports disciplined, forward-looking decision making across credit cycles, aligning with NBIM’s long-term investment horizon and responsibilities as a global financial market participant.
A key focus of the partnership is NBIM’s securities finance activity, where traditional ratings often fail to provide adequate coverage.
NBIM will use Credit Benchmark data as a factor to assess the creditworthiness of counterparts including funds and associated collateral — focusing on segments of the market that are typically unrated and structurally opaque, yet systemically important.
Credit Benchmark’s dataset aggregates and anonymises contributed credit risk views from over 40 global financial institutions, delivering a unique, real-world perspective on obligor creditworthiness.
With coverage spanning more than 120,000 entities worldwide — the vast majority of which are unrated — the data provides supplementary visibility into credit exposures that sit beyond the reach of traditional ratings frameworks.
Matthew Brunette, global head of financing at NBIM, states: “As we expand our securities finance activities, access to high-quality insights on hitherto unrated counterparties is essential.
“Credit Benchmark provides a level of transparency that cannot be obtained elsewhere, particularly for funds and other unrated entities and will play an important role within our broader counterparty and credit risk framework.”
Mark Faulkner, co-founder of Credit Benchmark, adds: “Credit Benchmark was founded to illuminate areas of credit risk where traditional data is scarce or simply does not exist.
“By aggregating and anonymising the collective credit views of global banks, we deliver a differentiated, forward-looking view of risk grounded in real market expertise.
“We are proud to support NBIM and a growing number of large funds — many of which are Global Peer Financing Association members with intelligence that fills critical gaps in unrated credit, strengthens internal risk frameworks, and enables more confident decision-making in an increasingly unpredictable macroeconomic environment.”
The firms state that the multi-year collaboration between them reflects a shared commitment to resilience, transparency, and long-term risk management.
By leveraging Credit Benchmark’s consensus dataset, NBIM says it is enhancing its preparedness for the next phase of the credit cycle and reinforcing its ability to manage risk across global portfolios.
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