As there were some errors in JCR rating transition matrices announced annually, JCR corrected them. JCR apologizes for the errors and announces the corrections here.
JCR made corrections to parts of rating transition matrices for asset-backed securities (ABS) published in its press releases "JCR Rating Transition Matrices and Cumulative Default Rates" dated February 28, 2012 (11-D-0928) and March 15, 2013 (12-D-0988).
The corrected rating matrices are shown below. The corrections made are shaded. Historical data used in the calculation are to be posted on JCR's website (http://www.jcr.co.jp).
