2015 was a year of improvements for the wine sector. To say it is the observatory conducted by CRIF Ratings and Nomisma's Wine Monitor, according to which the year ended with a growth rate of export by 5,3% on an annual basis, for a record figure of 5,4 billion euros, and with an increase of 1,8% in domestic consumption.
Market dynamics had a positive effect on the sector's risk profile. The rates of defaultin fact, they stood below the average recorded by the entire Food & Beverage sector, a sector which in any case recorded, as it regularly happens, better performances than the total of Italian non-financial companies.
In Wine the default rates Basel in the sector (i.e. loans past due or overdue by more than 90/180 days, which fall within the category of positions in default) stood at 3,9% against 4,4% recorded in 2014, while public default rates they stopped at 0,5% against 0,9% the previous year.
Furthermore, the gap between “Basel” financial defaults, which are more sensitive to the economic cycle and which rarely seem to preclude public insolvency proceedings, and public defaults remains wide. Pre-crisis levels have been reached for both indicators.
