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solve asap c. A ratings agency has 4 credit ratings with A being the best down to D which means that the entity has defaulted.

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solve asap

c. A ratings agency has 4 credit ratings with A being the best down to D which means that the entity has defaulted. They publish the 1 year transition matrix i. Fill in the missing entries in the table including the default row. [2 marks] ii. Using your answer to question 6.c.i, calculate the 2 year transition matrix. [4 marks ]

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