Transition Matrix

Three Years cumulative rating transition (2011-2014) of CRISL

AAA AA A BBB BB B CCC CC C D Total
AAA 100 100
AA 100 100
A 2.02 95.55 2.43 100
BBB 7.96 90.77 1.27 100
BB 100 100
B 100 100
CCC 100 100
CC 100 100
C 100 100
D