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Global Bond Downgrades by Credit Rating Agencies

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Markus Krebsz
Markus Krebsz

This is an updated version of my rating transition research for Structured Finance bonds - to be shown at the forthcoming Global ABS conference in June 2010.

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Global SF Bond Downgrades by CRA 200,000 TOTAL S&P Moody's Fitch 176,046 150,000 111,605 100,000 74,674 68,372 64,186 50,000 49,594 50,968 47,510 36,129 30,749 7,992 1,166 2,042 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright © 2010 Markus Krebsz, All rights reserved.
Regional problem Global impact 200,000 TOTAL Europe US 175,208 150,000 111,239 100,000 74,150 68,073 64,017 50,000 49,160 50,676 47,284 35,837 30,597 7,981 1,161 2,035 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright © 2010 Markus Krebsz, All rights reserved.

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Global Bond Downgrades by Credit Rating Agencies

  • 1. Global SF Bond Downgrades by CRA 200,000 TOTAL S&P Moody's Fitch 176,046 150,000 111,605 100,000 74,674 68,372 64,186 50,000 49,594 50,968 47,510 36,129 30,749 7,992 1,166 2,042 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright © 2010 Markus Krebsz, All rights reserved.
  • 2. Regional problem Global impact 200,000 TOTAL Europe US 175,208 150,000 111,239 100,000 74,150 68,073 64,017 50,000 49,160 50,676 47,284 35,837 30,597 7,981 1,161 2,035 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright © 2010 Markus Krebsz, All rights reserved.