Figure 5 - Prediction for Fitch
5a - OLS 5b - Random effects estimation without country specific error
|
AAA |
AA+ |
AA |
AA- |
A+ |
A |
A- |
BBB+ |
Actual BBB BBB- |
BB+ |
BB |
BB- |
B+ |
B |
B- |
<CCC+ |
AAA |
AA+ AA |
AA- |
A+ A |
A- |
Actual BBB+ BBB BBB- |
BB+ BB BB- |
B+ |
B__ |
B- |
<CCC+ | ||||||||||
|
AAA |
63 |
12 |
0 |
2 |
0 |
0 |
AAA |
51 |
13 |
0 |
2 |
0 0 |
0 | |||||||||||||||||||||||
|
AA+ |
35 |
10 |
12 |
7 |
0 |
0 |
0 |
AA+ |
32 |
11 |
16 |
7 |
00 |
0 |
0 | |||||||||||||||||||||
|
AA |
20 |
8 |
18 |
4 |
0 |
2 |
0 |
0 |
AA |
31 |
6 |
16 |
5 |
03 |
0 |
0 0 | ||||||||||||||||||||
|
AA- |
0 |
9 |
2 |
0 |
6 |
0 |
0 |
0 |
AA- |
1 |
0 |
6 |
1 |
19 |
0 |
0 0 0 | ||||||||||||||||||||
|
A+ |
2 |
6 |
1 |
6 |
1 |
1 |
2 |
1 |
A+ |
0 |
0 |
3 |
6 |
02 |
1 |
1 2 1 |
0 | |||||||||||||||||||
|
A |
0 |
0 |
0 |
2 |
0 |
0 |
0 |
0 |
A |
0 |
0 |
0 |
0 |
00 |
4 |
000 |
0 |
0 | ||||||||||||||||||
|
A- |
0 |
0 |
10 |
1 |
0 |
0 |
0 |
0 |
A- |
0 |
0 |
0 |
0 |
00 |
7 |
000 |
0 |
0 |
0 | |||||||||||||||||
|
B |
BBB+ BBB BBB- |
0 |
6 8 |
8 8 0 |
4 10 5 |
0 3 33 |
0 1 9 |
1 0 4 |
0 0 0 |
0 0 |
0 |
Predicted |
BBB+ BBB BBB- |
0 |
0 0 |
0 0 0 |
00 00 0 0 |
7 8 0 |
740 10 6 11 0 9 25 |
0 1 8 |
1 0 3 |
0 0 0 0 00 |
0 0 |
0 | ||||||||||||
|
BB+ |
3 |
6 |
13 |
10 |
0 |
0 |
0 |
0 |
BB+ |
0 0 |
0 |
036 |
16 |
11 |
00 |
0 |
0 |
0 | ||||||||||||||||||
|
BB BB- B+ B B- |
1 |
11 8 |
9 8 1 |
3 8 5 0 |
6 6 5 2 0 |
0 2 6 2 1 0 |
0 0 3 6 0 _3 |
0 0 1 2 3 _____4 |
BB BB- B+ B B- |
0 |
0 0 |
001 000 0 0 0 0 0 0 |
9 8 0 0 0 __0 |
8 7 3 0 0 0 |
28 84 67 00 00 0___0_ |
0 4 3 3 1 0 |
0 0 3 6 2 1 |
0 0 1 3 3 _____1 | ||||||||||||||||||
|
5c - Ordered Probit |
5d - Random effects ordered Probit | |||||||||||||||||||||||||||||||||||
|
AAA |
AA+ |
AA |
AA- |
A+ |
A |
A- |
BBB+ |
Actual BBB BBB- |
BB+ |
BB |
BB- |
B+ |
B |
B- |
<CCC+ |
AAA |
AA+ |
AA |
AA- |
A+ A |
A- |
Actual BBB+ BBB BBB- |
BB+ |
BB BB |
- B+ |
B |
B- |
<CCC+ | ||||||||
|
AAA |
85 |
18 |
7 |
5 |
0 |
0 |
AAA |
69 |
20 |
5 |
3 |
0 0 |
0 | |||||||||||||||||||||||
|
AA+ |
24 |
6 |
11 |
4 |
0 |
0 |
0 |
AA+ |
45 |
8 |
11 |
10 |
00 |
0 |
0 | |||||||||||||||||||||
|
AA |
9 |
6 |
14 |
4 |
0 |
5 |
0 |
0 |
AA |
7 |
7 |
11 |
0 |
00 |
0 |
0 |
0 | |||||||||||||||||||
|
AA- |
0 |
0 |
4 |
2 |
0 |
6 |
0 |
0 |
0 |
AA- |
0 |
0 |
14 |
8 |
16 |
0 |
0 |
0 0 | ||||||||||||||||||
|
A+ |
0 |
0 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
A+ |
0 |
0 |
0 |
0 |
05 |
0 |
0 |
00 |
0 | |||||||||||||||||
|
A |
5 |
6 |
0 |
2 |
0 |
1 |
1 |
0 |
0 |
A |
0 |
0 |
0 |
2 |
13 |
7 |
1 |
21 |
0 |
0 | ||||||||||||||||
|
A- |
0 |
0 |
0 |
17 |
3 |
1 |
1 |
0 |
1 |
A- |
0 |
0 |
0 |
48 |
20 |
8 |
43 |
0 |
1 |
0 | ||||||||||||||||
|
B |
BBB+ BBB BBB- |
0 |
0 0 |
6 3 1 |
5 7 2 |
4 4 13 |
0 4 32 |
0 1 9 |
0 0 5 |
0 0 0 |
0 0 |
0 |
Predicted |
BBB+ BBB BBB- |
0 |
0 0 |
02 00 0 0 |
9 8 2 |
12 1 0 |
21 8 16 7 21 |
1 2 15 |
0 0 7 |
0 0 00 20 |
0 0 |
0 | |||||||||||
|
BB+ |
0 |
1 |
7 |
17 |
12 |
0 |
2 |
0 |
0 |
BB+ |
0 |
0 |
0 |
26 |
8 |
11 |
27 |
0 |
0 |
1 | ||||||||||||||||
|
BB BB- B+ B B- |
0 |
0 0 |
10 5 0 |
6 5 4 0 |
5 5 6 0 0 |
5 4 5 2 1 0 |
1 0 6 2 2 0 |
0 0 1 6 2 3 |
0 0 1 1 4 _____4 |
BB BB- B+ B B- |
0 |
0 0 |
11 00 0 0 0 |
10 5 5 0 0 |
8 6 4 0 0 0 |
77 64 52 00 00 _0___0 |
2 3 5 0 0 __1 |
1 3 3 2 3 __2 |
0 1 2 2 1 ______4 | |||||||||||||||||
Note: observations above (below) the diagonal are predicted by the model above (below) the actual rating.
56
More intriguing information
1. The name is absent2. Fiscal Policy Rules in Practice
3. How does an infant acquire the ability of joint attention?: A Constructive Approach
4. The name is absent
5. The name is absent
6. Subduing High Inflation in Romania. How to Better Monetary and Exchange Rate Mechanisms?
7. The name is absent
8. PERFORMANCE PREMISES FOR HUMAN RESOURCES FROM PUBLIC HEALTH ORGANIZATIONS IN ROMANIA
9. The name is absent
10. The demand for urban transport: An application of discrete choice model for Cadiz