- Language: English
- 88 Pages
- Published: March 2011
- Region: Asia
Australia & New Zealand 2006 Annual Default & Rating Transitions Study Feb 07
- Published: February 2007
- Region: Australia, New Zealand
- Standard & Poors
The credit environment of 2006 remained accommodating in Australia and New Zealand. This may explain the reversal in the downgrade-to-upgrade ratio, which fell to 0.9 for 2006, from 1.7 for 2005. The 2006 ratio came in slightly above the global ratio of 0.7. There was one default in 2006, as there was in 2005. There were no defaults recorded in 2004. This compares with global default figures of 29 in 2006 and 39 in 2005. The global result for 2006 is the lowest for defaults since 1997. Overall, the credit quality of the Australia and New Zealand rating pool remains high with only 10% of the pool carrying speculative-grade credit ratings. More than 83% of ratings assigned in 2006 were...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand
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Australia (Commonwealth of) (Unsolicited Ratings),New Zealand