In this case, the attribute priorProbability specifies a default probability for the corresponding target category.
The proportion of simulation trials surpassing the default point represents the default probability for a given year.
And default probabilities also jumped in the telecommunications sector during that time, to 44.4 percent from 42.6 percent.
More surprising, information technology has also been hit, with default probabilities rising to 12.3 percent from 6.9 percent.
A market-implied rating estimates the market observed default probability of an individual, corporation, or even a country.
Is this positive relationship between debts to output ratio with default probability true?
It may be that at one point, the credit history is upgraded so quickly that the default probability decreases.
But all ratings are a relative view of default probability, so relatively this is not nice for France.
The score supposedly predicts the default probability of a borrower based on vast historical credit, default and personal data.
The default probabilities are then scaled to a "credit score."