Standard & Poor's has published its 2011 Annual Global Corporate Default and Ratings Transition Study. Global corporate ratings in 2011 have remained in line with their strong historic record, and have continued to serve as effective indicators of default risk of rated credits worldwide on both relative and absolute bases.
Among the key findings this year:
Based on 31 years of data and updated annually, the Annual Default and Rating Transition Study tracks the incidence of default and rating changes for industrial, utilities, financial service institutions and insurance companies around the world. It uses transition matrices, Lorenz curves, and cumulative default statistics to examine the correlation between Standard & Poor's ratings and actual defaults ... READ MORE for a copy of the study ... READ MORE for a related video.
Released by Standard and Poors - 28 March 2012