tm_abs {ctmcd}

Single Year Corporate Credit Rating Transititions

Description

Matrix of Standard and Poor's Global Corporate Rating Transition Frequencies 2000 (NR Removed)

Usage

data("tm_abs")

Format

The format is: num [1:8, 1:8] 17 2 0 0 0 0 0 0 1 455 ... - attr(*, "dimnames")=List of 2 ..$ : chr [1:8] "AAA" "AA" "A" "BBB" ... ..$ : chr [1:8] "AAA" "AA" "A" "BBB" ...

References

European Securities and Markets Authority, 2016

https://cerep.esma.europa.eu/cerep-web/statistics/transitionMatrice.xhtml

Examples

data(tm_abs)

## Matrix of relative transition frequencies
tm_rel=rbind((tm_abs/rowSums(tm_abs))[1:7,],c(rep(0,7),1))
tm_rel