The Credit Managers Index deteriorated significantly FYI Recessionary Level in Credit Conditions April 1, 2015 by Alexander Giryavets of Dynamika Capital L.L.C. http://www.advisorperspectives.com/commentaries/20150401-dynamika-capital-l-l-c-recessionary-level-in-credit-conditions link The Credit Managers Index deteriorated significantly over the last two months and current readings stand at the recessionary levels not seen since 2008.