Based on the transition matrix below, what is the probability that a bond with an initial rating of Baa will be downgraded or will default at the end of the year?

Rating at Year-End Initial Rating A Baa Ba B Caa Ca-C Default 90.42 Aaa A Baa Ba B Caa Ca-C Default 1.02 0.06 0.05 0.01 0.01 0.00 0.00 0.00 8.92 90.12 2.82 0.19 0.06 0.04 0.02 0.00 0.00 0.62 8.38 90.88 4.79 0.41 0.14 0.02 0.00 0.00 0.01 0.38 5.52 89.41 6.22 0.38 0.16 0.00 0.00 0.03 0.05 0.51 4.35 83.43 5.32 0.53 0.39 0.00 0.00 0.02 0.11 0.82 7.97 82.19 9.41 2.85 0.00 0.00 0.01 0.03 0.18 0.59 6.45 68.43 10.66 0.00 0.00 0.00 0.01 0.02 0.09 0.74 4.67 43.54 0.00 0.00 0.02 0.06 0.19 1.22 4.73 16.76 42.56 100.00