Post by keitha on Jun 7, 2023 10:41:22 GMT
This year to date Defaults are 10% more than interest paid ( less the FC fees)
fortunately recoveries are 125% of defaults, but one recovery represents 80% of the value of all the recoveries.
more and more loans are becoming late
currently
5% of A+ defaulted
7% of A defaulted
10% of B defaulted
10% of C defaulted
16% of D defaulted
30% of E defaulted
of course I have to ignore those where they removed risk band
14% of defaults had < 1 year to run
28% 1-2 years
19% 2-3 years
20% 3-4 years
19% 4-5 years these are 25% by value
fortunately recoveries are 125% of defaults, but one recovery represents 80% of the value of all the recoveries.
more and more loans are becoming late
currently
5% of A+ defaulted
7% of A defaulted
10% of B defaulted
10% of C defaulted
16% of D defaulted
30% of E defaulted
of course I have to ignore those where they removed risk band
14% of defaults had < 1 year to run
28% 1-2 years
19% 2-3 years
20% 3-4 years
19% 4-5 years these are 25% by value