sydb
Member of DD Central
Posts: 345 
Likes: 316
|
Post by sydb on Jul 1, 2015 11:04:58 GMT
According to elljay's graphed stats (access through the 'Useful resources' sticky), it would appear that C- has fewer defaults/£ than A (and that C defaults about the same amount as B). Can someone tell me what I am missing? Thanks.
|
|
coop
Member of DD Central
Posts: 714
Likes: 571
|
Post by coop on Jul 1, 2015 11:12:17 GMT
C- (now D) loans have only been on offer for a relatively short amount of time; as most defaults tend to occur later in the lifecycle of a loan the figures for this risk band currently look very good. The real acid test will be when the earlier C- loans are reaching maturity.
|
|
|
|
Post by longjohn on Jul 1, 2015 11:13:20 GMT
C- (now D) loans are a recent introduction and fairly low volume compared to the other categories so there hasn't been enough time to get the real failure rate yet.
Also these companies may be trying to rebuild a poor credit history and are being careful to manage repayments.
John
Edit - must learn to type faster.....
|
|
sydb
Member of DD Central
Posts: 345
Likes: 316
|
Post by sydb on Jul 1, 2015 11:40:17 GMT
Thank you very much, coop and longjohn. It looks like C- have only been around since March 2014.
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Jul 1, 2015 15:39:25 GMT
And happily there's yet to be a single default on an E rate-band loan ... (reckon should be safe to hold them for at least the first month)
|
|
|
|
Post by GSV3MIaC on Jul 1, 2015 16:57:14 GMT
Maybe we should hold out for Z band ... the one with three digit APRs ??
Oh wait, there is always Greek government bonds. 8>.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,880
Likes: 11,104
|
Post by ilmoro on Jul 1, 2015 17:32:02 GMT
Maybe we should hold out for Z band ... the one with three digit APRs ?? Oh wait, there is always Greek government bonds. 8>. I heard theyre opening a P2P website. Apparently its called Zorba  
|
|
