CRAB RATINGS’ DEFAULT STUDY-2023
| Rating Category | 1-Year Default Rate | 3-Year Cumulative Default Rate (CDR) |
| AAA | 0.00% | 0.00% |
| AA | 0.00% | 0.00% |
| A | 0.00% | 0.00% |
| BBB | 0.00% | 0.00% |
| BB | 0.00% | 0.00% |
| B | 0.00% | 0.00% |
| CCC | 0.00% | 0.00% |
Note: Default study considers the Bond ratings only.
CRAB RATINGS’ DEFAULT STUDY-2022
| Rating Category | 1-Year Default Rate | 3-Year Cumulative Default Rate (CDR) |
| AAA | 0.00% | 0.00% |
| AA | 0.00% | 0.00% |
| A | 0.00% | 0.00% |
| BBB | 0.00% | 0.00% |
| BB | 0.00% | 0.00% |
| B | 0.00% | 0.00% |
| CCC | 0.00% | 0.00% |
Note: Default study considers the Bond ratings only.