RATING TRANSITION AND DEFAULT RATES CONDITIONED ON OUTLOOKS - Recently downgraded corporate bond issuers have different transition and default risks from recently upgraded issuers with the same ratings. Rating transition and default rates are found to be sensitive to both rating history and outlook and rate review status, when viewed in isolation. Controlling for outlook status, the effects of ...

Rating transition and default rates conditioned on outlooks

Hamilton, David T., (2004)

Confidence Intervals for Corporate Default Rates

Cantor, Richard, (2008)

Adjusting Corporate Default Rates for Rating Withdrawals

Hamilton, David T., (2008)