Average Cumulative Default Rates
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Rating |
AAA |
AA |
A |
BBB |
BB |
B ~ C |
Investment Grade |
Speculative Grade |
All |
1Year |
0.00 |
0.00 |
0.08 |
0.59 |
3.04 |
8.61 |
0.14 |
5.22 |
1.02 |
2Year |
0.00 |
0.00 |
0.21 |
1.19 |
4.90 |
12.72 |
0.30 |
8.01 |
1.66 |
3Year |
0.00 |
0.00 |
0.39 |
1.57 |
6.17 |
15.21 |
0.44 |
9.80 |
2.11 |
4Year |
0.00 |
0.00 |
0.63 |
1.95 |
7.02 |
16.16 |
0.60 |
10.70 |
2.41 |
5Year |
0.00 |
0.00 |
0.83 |
2.19 |
7.55 |
16.49 |
0.72 |
11.13 |
2.60 |
6Year |
0.00 |
0.00 |
0.93 |
2.27 |
7.95 |
16.66 |
0.78 |
11.44 |
2.70 |
7Year |
0.00 |
0.00 |
1.05 |
2.43 |
7.95 |
16.66 |
0.85 |
11.44 |
2.76 |
8Year |
0.00 |
0.00 |
1.05 |
2.51 |
8.09 |
16.85 |
0.87 |
11.60 |
2.81 |
9Year |
0.00 |
0.00 |
1.05 |
2.51 |
8.38 |
17.04 |
0.87 |
11.85 |
2.86 |
10Year |
0.00 |
0.00 |
1.05 |
2.69 |
8.38 |
17.24 |
0.92 |
11.94 |
2.92 |
11Year |
0.00 |
0.00 |
1.05 |
2.86 |
8.54 |
17.24 |
0.98 |
12.03 |
2.98 |
12Year |
0.00 |
0.00 |
1.05 |
3.14 |
8.71 |
17.24 |
1.06 |
12.12 |
3.07 |
13Year |
0.00 |
0.00 |
1.05 |
3.33 |
8.88 |
17.24 |
1.13 |
12.22 |
3.15 |
14Year |
0.00 |
0.00 |
1.15 |
3.53 |
9.06 |
17.48 |
1.24 |
12.43 |
3.28 |
15Year |
0.00 |
0.00 |
1.27 |
3.74 |
9.25 |
17.74 |
1.36 |
12.64 |
3.43 |
16Year |
0.00 |
0.00 |
1.27 |
3.96 |
9.25 |
18.01 |
1.44 |
12.75 |
3.52 |
17Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
18Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
19Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
20Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
21Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
22Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
23Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
24Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
25Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |
26Year |
0.00 |
0.00 |
1.27 |
4.07 |
9.25 |
18.01 |
1.49 |
12.75 |
3.56 |