4 Years Rating Transition Matrix(2011-2014)

4 Years Rating Transition Matrix
Initial Rating after 4th 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 1.92% 92.12% 3.85% 0.00% 0.00% 0.00% 1.92%
A 0.00% 13.58% 82.72% 3.70% 0.00% 0.00% 0.00%
BBB 0.00% 0.00% 8.70% 78.26% 12.17% 0.00% 0.87%
BB 0.00% 0.00% 0.00% 23.61% 65.28% 11.11% 0.00%
B 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 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 4th year.