Fitch Ratings-London/New York-13 September 2023: Fitch Ratings has published an expanded sector-specific transition and default study for 2022. Transition and default rates are used by a number of participants in the debt capital markets to calibrate credit risk across their portfolios. From an investor with a mandate that includes rating level restrictions to a risk manager running complex quantitative models, reliable transition and default data act as key inputs to financial analysis. They also quantify the stability of ratings over time.
To aid with this analysis and to provide more granular information to market participants, Fitch has expanded its annual rating transition and default report to incorporate a number of key sub-sector and sub-asset-class tables. The new data includes a split out of financial and non-financial corporates including individual sector tables for emerging and developed markets. It also includes a breakdown of key structured finance sub-asset classes such as Autos, Credit Cards, Prime-RMBS and CLOs.
The full dataset includes 427 transition and default matrices, based on track record from 1990.
The dataset is available to Fitch Connect subscribers.
Contacts:
David Li
Criteria Officer
+1 646 582-4512
david.li@fitchratings.com
Fitch Ratings, Inc.
Hearst Tower
300 W. 57th Street
New York, NY 10019
Jake Han
Director, RPA
+ 1 646 582-4808
jake.han@fitchratings.com
Rachel Willis Gutierrez
Senior Director
rachel.willisgutierrez@fitchratings.com
+44 20 3530 1356
Media Relations: Elizabeth Fogerty, New York, Tel: +1 212 908 0526, Email: elizabeth.fogerty@thefitchgroup.com
Additional information is available on www.fitchratings.com