Rating Performance
At-a-glance rating portfolio snapshots, transition & default studies, and insights on rating performance covering a full range of debt sectors.
01Rating Distribution - Corporate and Public Finance
02Outlook and Watch - Corporate and Public Finance
03Rating Actions - Corporate and Public Finance
04Rating Distribution - Structured Finance
05Outlook and Watch - Structured Finance
06Rating Actions - Structured Finance
07Transition and Defaults Studies
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Transition and Default Methodology Explained
In this video you will learn more about the methodology behind ֳ’s annual transition and default studies and understand how to interpret the matrices with the help of some example calculations.
2023 Transition and Default Studies: Subsector Dataset
This data file is an expanded version of the 2023 Transition and Default Study published in March 2024. It includes sub-sector transition and default data matrices covering financial- and non-financial corporates, developed and emerging markets and structured finance asset classes across North America, EMEA, APAC and Latin America. Due to ֳ's continuing data enhancement efforts and methodology, changes may result in slightly different statistics than in previously published studies. Therefore, this most recent transition and default dataset supersedes all previous versions.
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Select your preference on the right to explore ֳ's criteria by Sector or Region.
Rating Performance Insights
08Best-Case/Worst-Case Measures
Best/Worst Case Ratings by Sector
For any rating, the literal best-case scenario is ‘AAA’ and the worst-case scenario is default. But because this information is of little additional value to market participants, ֳ offers a best- and worst-case scenario based on historical performance.
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