Our "Hits & Misses" measure the extent to which the major
rating forms converge toward our rating accuracy.
Disclaimer: Past performance is
no guarantee of future results.
Egan-Jones aims to measure the extent to which the major rating firms conver toward
our rating. For example, if we rate an issure "BB" and another rater moves from
"BBB" to "BBB-", such an action would be considered a "hit". If the rater withdraws
a rating, then such action would be neither a "hit" nor "miss". Additionally, if we
rate an issuer at a different level than the other raters and warn that they might
take a divergent action and subsequently tak a divergent action, then such is not
counted as a "miss". If a rater takes an action during the course of a year whereby
they (1) move away from us and then towards us or (2) towards us and then away from
us then such actions cancel each other out and therefore are not considered a "hit"
or a "miss".