Report|2 Jul 2026

Macro Pulse EU: Germany’s Credit Stress Keeps Climbing Despite Signs of Repair

Germany’s corporate stress indicators remain elevated despite tentative signs of macroeconomic stabilisation, reinforcing a selective credit backdrop amid persistent insolvency pressure and uneven borrower resilience.

In the latest Credit Compass, Gordon Kerr discusses why Germany remains a slow repair story, how European Union trade policy is turning more defensive, and why artificial intelligence (AI) investment and European Central Bank (ECB) rate risk matter for credit investors. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit

Germany’s credit story is improving at the margin, but the…

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