Fitch Ratings has introduced a new index called Fitch Solutions probability of default index, which was derived from the equity implied ratings and probability of default model (EIR).

The EIR model utilizes a firm’s market value of assets (deduced from an entity’s market capitalization), historical volatility of the equity price and firm debt, as well as firm-specific financial ratios to produce one- and five-year probabilities of default on more than 25,000 entities globally.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.