Rating Category |
AAA |
AA |
A |
BBB |
BB |
B |
C |
D |
TOTAL |
AAA |
100.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
100.0% |
AA |
1.9% |
88.5% |
9.6% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
100.0% |
A |
0.0% |
0.5% |
90.0% |
8.1% |
1.0% |
0.0% |
0.0% |
0.5% |
100.0% |
BBB |
0.0% |
0.0% |
1.5% |
90.0% |
7.2% |
0.2% |
0.0% |
1.0% |
100.0% |
BB |
0.0% |
0.0% |
0.1% |
5.8% |
87.7% |
4.0% |
0.2% |
2.3% |
100.0% |
B |
0.0% |
0.0% |
0.0% |
0.2% |
7.3% |
85.4% |
0.3% |
6.8% |
100.0% |
C |
0.0% |
0.0% |
0.0% |
0.0% |
6.7% |
20.0% |
43.3% |
30.0% |
100.0% |
Notes:
[1]. The transition rate from ‘A’ to ‘D’ is on account of default by 1 standalone entity on a low base of total no of ‘A’ rated issuers.