1 Year Rating Transition Matrix (2017-2018)

1 Year Rating Transition Matrix (2017-2018)

Initial Rating after 1st 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 4.44% 93.33% 2.22% 0.00% 0.00% 0.00% 0.00%
A 0.00% 2.08% 97.92% 0.00% 0.00% 0.00% 0.00%
BBB 0.00% 0.00% 5.96% 91.93% 2.11% 0.00% 0.00%
BB 0.00% 0.00% 0.00% 30.99% 67.61% 1.41% 0.00%
B 0.00% 0.00% 0.00% 0.00% 33.33% 66.67% 0.00%
CCC 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Each row corresponds to an initial rating.
Each column corresponds to a rating after 1st year.