Crowd-Sourced Credit Transition Matrices

The latest Research White Paper from Credit Benchmark is now available to download. This paper compares bank-sourced transition matrices with the traditional estimates published by the main credit rating agencies.


  • Credit Benchmark crowd-sourced credit data is updated monthly and based on more than 250,000 obligors.
  • Expert bank credit analyst views support a rich, diverse set of Ex Ante and Ex Post credit transition matrices.
  • Through-the-Cycle data provides a valid base for transition matrix calibration and identifies path dependency.
  • Real-world PD term structures provide risk premium adjustments for market implied Point-in-Time estimates.
  • Term structure benchmarks optimize loan impairment calculations for IFRS9 and CECL accounting standards.

Download Whitepaper Now

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