1 Year Rating Transition Matrix (2015)

1 Year Rating Transition Matrix (2015)
Previous

Rating after 1 year
Rating
AAA AA A BBB BB B CCC
AAA 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
AA 1.04% 98.96% 0.00% 0.00% 0.00% 0.00% 0.00%
A 0.00% 5.19% 93.51% 1.30% 0.00% 0.00% 0.00%
BBB 0.00% 0.00% 3.80% 94.30% 1.90% 0.00% 0.00%
BB 0.00% 0.00% 0.00% 11.86% 87.71% 0.42% 0.00%
B 0.00% 0.00% 0.00% 0.00% 40.00% 60.00% 0.00%
CCC 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Each row corresponds to a previous rating.
Each column corresponds to a rating after 1 year.