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Credit Benchmark calculates distribution metrics on contributed 1‑year TTC PD estimates to assess the spread, shape, and quality of the consensus for each entity — including how much agreement exists among contributors and whether views are systematically skewed in one direction.

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Calculated Fields

Shows how contributed bank views distribute across the CB rating scale. Contributed PDs are mapped to CB rating buckets using the Rating Scale.CCRMin — the minimum rating in the distribution, derived from the maximum contributed PD:CCRMin=f(max⁡(PDi))\text{CCRMin} = f(\max(PD_i))CCRMax — the maximum rating, derived from the minimum contributed PD:CCRMax=f(min⁡(PDi))\text{CCRMax} = f(\min(PD_i))f(PD)f(PD) is the rating scale mapping function returning a notch index.CCRMin Notch and CCRMax Notch are the numeric equivalents of these fields — the integer position on the 21‑point scale rather than the rating label.
Relative dispersion of contributed PDs for an entity — a measure of how much agreement exists among contributing banks.CCRRSD=σPDμPD\text{CCRRSD} = \frac{\sigma_{PD}}{\mu_{PD}}
  • σPD\sigma_{PD} = Standard deviation of contributed PD estimates
  • μPD\mu_{PD} = Mean of contributed PD estimates
Lower values indicate higher agreement. Published rounded to 1 decimal place.
Asymmetry of the contributed PD distribution — measures whether bank views are tilted relative to the consensus.CCRSkew=1n∑i=1n(PDi−μPDσPD)3\text{CCRSkew} = \frac{1}{n} \sum_{i=1}^{n} \left(\frac{PD_i - \mu_{PD}}{\sigma_{PD}}\right)^3
  • PDiPD_i = Individual bank PD estimate
  • μPD\mu_{PD} = Mean of contributed PD estimates
  • σPD\sigma_{PD} = Standard deviation of contributed PD estimates
  • nn = Number of contributing banks
Published only when |CCRSkew| ≥ 0.5. Values in (−0.5, 0.5) are not displayed.
Categorical indicator derived from unrounded CCRRSD.
Categorical indicator derived from unrounded CCRSkew.
Last modified on April 25, 2026