Key Features of the Monthly Update: Structured Transitions
Granularity: Results broken out by Global Structured Finance, US ABS (excluding HEL), US HEL, US CMBS, US RMBS, Global CDOs, EMEA (excluding CDOs), Asia Pacific (excluding CDOs)
Rating Transition Trends: Upgrade and downgrade rates, average number of notches upgraded or downgraded, fallen angel rates and Aaa downgrade rates, review for upgrade and review for downgrade rates.
Distribution of Downgrades by Original Rating and Vintage: Aaa, Aa, A, Baa, and Spec Grade, pre-2001 to present.
12-Month Rating Transition Matrices: at the alphanumeric level.
New Downgrades to Ca/C: Summary by region: US, EMEA, Asia Pacific, and Latin America. Excel supplement including specific tranches provided.
The Monthly Update: Structured Transitions (MUST), a sister publication to the corporate Monthly Default Report.