Transition Matrix
Transition Matrix (1year)
(Term : 1998 ~ 2020, Unit : %)
| Rating To | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| AAA | AA | A | BBB | BB | B~C | D | WR | ||
| Rating From | AAA | 96.65 | 0.45 | - | - | - | - | - | 2.90 |
| AA | 1.07 | 90.91 | 2.26 | 0.06 | - | - | - | 5.70 | |
| A | - | 5.24 | 81.88 | 3.01 | 0.16 | 0.21 | 0.05 | 9.45 | |
| BBB | - | - | 5.95 | 73.91 | 2.74 | 1.54 | 0.40 | 15.45 | |
| BB | - | - | 0.26 | 5.16 | 57.67 | 7.54 | 3.97 | 25.40 | |
| B~C | - | - | - | 0.35 | 0.87 | 58.75 | 10.05 | 29.98 | |
Transition Matrix (3years)
(Term : 1998 ~ 2018, Unit : %)
| Rating To | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| AAA | AA | A | BBB | BB | B~C | D | WR | ||
| Rating From | AAA | 90.97 | 1.29 | - | - | - | - | - | 7.74 |
| AA | 2.91 | 77.68 | 3.84 | 0.14 | 0.07 | 0.07 | - | 15.28 | |
| A | - | 12.61 | 55.87 | 3.97 | 0.29 | 0.58 | 0.29 | 26.39 | |
| BBB | - | 0.07 | 13.37 | 40.33 | 2.84 | 2.49 | 1.46 | 39.43 | |
| BB | - | - | 1.10 | 8.43 | 13.12 | 4.70 | 8.70 | 63.95 | |
| B~C | - | - | - | 1.15 | 0.38 | 13.38 | 18.55 | 66.54 | |
