Transition Matrix - SME
Transition Metric shows the percentage of rating changes to total rated entities for a particular time period. The transition of ratings may be upwards or downwards in the scale. Transition Metrics are helpful for managing credit risks, structuring and pricing of debt. These rates also indicate the accuracy (or inaccuracy) of rating agencies in forecasting the probability of default.
CRISL SME Rating Transition Matrix (2016-2024)
|
|
SME-1 |
SME-2 |
SME-3 |
SME-4 |
SME-5 |
SME-6 |
SME-7 |
SME-8 |
SME-9 |
SME-10 |
|
SME-1 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-2 |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-3 |
0.00% |
4.63% |
91.37% |
3.29% |
0.53% |
0.18% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-4 |
0.00% |
2.54% |
41.77% |
55.14% |
0.35% |
0.05% |
0.05% |
0.00% |
0.00% |
0.10% |
|
SME-5 |
0.00% |
0.00% |
37.50% |
0.00% |
62.50% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-6 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-7 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
|
SME-8 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-9 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-10 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
CRISL SME Rating Transition Matrix (2016-2023)
|
|
SME-1 |
SME-2 |
SME-3 |
SME-4 |
SME-5 |
SME-6 |
SME-7 |
SME-8 |
SME-9 |
SME-10 |
|
SME-1 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-2 |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-3 |
0.00% |
2.76% |
93.94% |
2.67% |
0.45% |
0.18% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-4 |
0.00% |
2.54% |
36.90% |
60.01% |
0.30% |
0.05% |
0.10% |
0.00% |
0.00% |
0.10% |
|
SME-5 |
0.00% |
0.00% |
37.50% |
0.00% |
62.50% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-6 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-7 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
|
SME-8 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-9 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-10 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
CRISL SME Rating Transition Matrix (2016-2022)
|
|
SME-1 |
SME-2 |
SME-3 |
SME-4 |
SME-5 |
SME-6 |
SME-7 |
SME-8 |
SME-9 |
SME-10 |
|
SME-1 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-2 |
0.00% |
83.33% |
16.67% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-3 |
0.00% |
2.85% |
93.49% |
2.94% |
0.45% |
0.27% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-4 |
0.00% |
1.29% |
38.69% |
59.52% |
0.35% |
0.05% |
0.00% |
0.00% |
0.00% |
0.10% |
|
SME-5 |
0.00% |
0.00% |
25.00% |
0.00% |
75.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-6 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-7 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
|
SME-8 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-9 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-10 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
CRISL SME Rating Transition Matrix (2016-2021)
|
|
SME-1 |
SME-2 |
SME-3 |
SME-4 |
SME-5 |
SME-6 |
SME-7 |
SME-8 |
SME-9 |
SME-10 |
|
SME-1 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-2 |
0.00% |
83.33% |
0.00% |
16.67% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-3 |
0.00% |
2.67% |
93.67% |
3.03% |
0.36% |
0.27% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-4 |
0.00% |
0.75% |
35.06% |
63.64% |
0.40% |
0.05% |
0.00% |
0.00% |
0.00% |
0.10% |
|
SME-5 |
0.00% |
0.00% |
12.50% |
12.50% |
75.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-6 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-7 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
|
SME-8 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-9 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-10 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
CRISL SME Rating Transition Matrix (2016-2020)
|
|
SME-1 |
SME-2 |
SME-3 |
SME-4 |
SME-5 |
SME-6 |
SME-7 |
SME-8 |
SME-9 |
SME-10 |
|
SME-1 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-2 |
0.00% |
83.33% |
0.00% |
16.67% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-3 |
0.00% |
2.32% |
95.19% |
2.23% |
0.18% |
0.08% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-4 |
0.00% |
0.85% |
33.57% |
65.19% |
0.25% |
0.04% |
0.00% |
0.00% |
0.00% |
0.10% |
|
SME-5 |
0.00% |
0.00% |
12.50% |
0.00% |
87.50% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-6 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-7 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
0.00% |
0.00% |
|
SME-8 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-9 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
SME-10 |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |