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ARGUS Credit Rating Services Ltd.
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Transition Matrix

Rating Transition Matrix

Transition Matrix

Rating Years

1. Five-Year 2021-2025 (Corporate)
2. Three-Year 2023-2025 (Corporate)
3. Five-Year 2021-2025 (SME)
4. Three-Year 2023-2025 (SME)
5. Historical Default Rate
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