| Industry wide Probability of Default Benchmarks |
|---|
| Long-run PD Benchmarks |
|---|
| Rating Category | 1-Year | 2-Year | 3-Year |
|---|---|---|---|
| AAA | 0.0% | 0.0% | 1.0% |
| AA | 0.0% | 2.0% | 2.0% |
| A | 3.0% | 3.5% | 5.4% |
| BBB | 3.3% | 6.0% | 10.5% |
| BB | 8.7% | 14.4% | 19.6% |
| B | 17.2% | 33.1% | 45.3% |
| C | 100.0% | 100.0% | 100.0% |
| Short-run PD Benchmarks |
|---|
| Rating Category | 1-Year | 2-Year | 3-Year |
|---|---|---|---|
| AAA | 0.0% | 0.0% | 1.0% |
| AA | 0.0% | 2.0% | 2.4% |
| A | 3.0% | 4.3% | 6.5% |
| BBB | 3.9% | 7.1% | 12.1% |
| BB | 10.5% | 17.1% | 23.2% |
| B | 19.6% | 35.3% | 48.2% |
| C | 100.0% | 100.0% | 100.0% |