Round to 2 decimal spots.

Data Table (Click on the icons located on the top-right corner of the data tables below in order to copy their contents into a spreadsheet) Annual Default Rates by Debt Rating (1983-2011) Ratin CC-C Default rate Average In recessions 0.0% 1.0% 3.0% 3.0% Source: "Corporate Defaults and Recovery Rates, 1920-2011," Moody's Global Credit Policy, February 2012 2.2% 8.0% 0.0% 0.1% 0.2% 5.5% 16.0% 12.2% 48.0% 0.5% 14.1% 79.0% Average Debt Betas by Rating and Maturi By rati Average beta A and above 0.05 0.10 0.17 0.26 0.31 15 Yr By maturity (BBB and above Average beta 1-5 Yr 0.01 5-10 Yr 0.06 10-15 Yr 0.07 0.14 Source: S. Schaefer and I. Strebulaev, "Risk in Capital Structure Arbitrage," Stanford GSB working paper, 2009 Print Done