AR

Firms Listed with Positive Potential

Firms Listed with Negative Potential

Day

Affirmed

Up 1 Notches

Up 2 Notches

Up 3+ Notches

Affirmed

Down 1 Notches

Down 2 Notches

Down 3+ Notches

−7

−3.31%

***

−0.58%

0.23%

−1.53%

0.01%

−0.37%

*

−1.49%

***

4.95%

***

−6

1.04%

**

0.18%

*

−0.49%

−1.66%

*

0.22%

−0.42%

−2.07%

***

1.05%

***

−5

−0.93%

***

−1.01%

**

−0.53%

−0.98%

−0.15%

−0.13%

0.43%

−1.22%

**

−4

−0.34%

0.63%

0.24%

−0.55%

0.19%

0.59%

*

0.33%

0.84%

−3

0.10%

−0.42%

−0.38%

−0.43%

0.11%

0.57%

*

−0.85%

**

0.57%

**

−2

−0.20%

0.29%

0.18%

−1.84%

0.26%

−0.01%

0.01%

−2.98%

***

−1

−0.03%

−0.16%

−1.48%

*

1.18%

0.04%

0.35%

*

0.15%

−0.87%

0

−0.55%

−0.62%

**

0.65%

−0.36%

0.28%

−0.07%

1.04%

***

−1.49%

***

1

0.56%

0.50%

*

0.64%

0.39%

0.10%

0.16%

−0.69%

**

0.94%

**

2

−0.26%

1.37%

*

−1.72%

**

−0.46%

0.13%

0.22%

−0.24%

0.12%

3

0.07%

0.17%

−0.19%

−0.42%

0.22%

0.47%

**

−1.26%

**

2.29%

***

CAR

Firms Listed with Positive Potential

Firms Listed with Negative Potential

Day

Affirmed

Up 1 Notches

Up 2 Notches

Up 3+ Notches

Affirmed

Down 1 Notches

Down 2 Notches

Down 3+ Notches

(−7, −1)

−3.66%

***

−1.07%

−2.23%

−5.82%

*

0.68%

*

0.59%

−3.50%

**

2.35%

(0, 0)

−0.55%

−0.62%

**

0.65%

−0.36%

0.28%

−0.07%

1.04%

**

−1.49%

***

(+1, +3)

0.37%

2.05%

*

−1.27%

−0.49%

0.44%

0.85%

*

−2.16%

**

3.35%

***

N

19

49

8

6

191

196

63

32