1 Year Rating Transition Matrix (2016)

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 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
A 0.00% 1.42% 95.74% 2.84% 0.00% 0.00% 0.00%
BBB 0.00% 0.00% 5.30% 92.93% 1.77% 0.00% 0.00%
BB 0.00% 0.00% 0.00% 12.67% 87.33% 0.00% 0.00%
B 0.00% 0.00% 0.00% 0.00% 50.00% 25.00% 25.00%
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.