Rating Agencies Q20.3

[Rosher]

Can you please explain the probabilities derived for each? I want a detailed explanation. I have confusion in solving these questions.

 

[David Harper CFA FRM]

r_chitre,

can you please elaborate and post in the question thread @ http://forum.bionicturtle.com/threa...ting-scales-migration-transition-matrix.5563/
sorry but it's hard to know where to start if the request is for a "detailed explanation," in the source question, can you maybe help me with some specificity? thanks,