{"year":1981,"rating":"A","firms":484,"defaults":0}
{"year":1981,"rating":"BBB","firms":267,"defaults":0}
{"year":1981,"rating":"BB","firms":217,"defaults":0}
{"year":1981,"rating":"B","firms":81,"defaults":0}
{"year":1981,"rating":"C","firms":11,"defaults":0}
{"year":1982,"rating":"A","firms":478,"defaults":2}
{"year":1982,"rating":"BBB","firms":292,"defaults":1}
{"year":1982,"rating":"BB","firms":167,"defaults":7}
{"year":1982,"rating":"B","firms":162,"defaults":5}
{"year":1982,"rating":"C","firms":14,"defaults":3}
{"year":1983,"rating":"A","firms":455,"defaults":0}
{"year":1983,"rating":"BBB","firms":305,"defaults":1}
{"year":1983,"rating":"BB","firms":171,"defaults":2}
{"year":1983,"rating":"B","firms":157,"defaults":7}
{"year":1983,"rating":"C","firms":16,"defaults":0}
{"year":1984,"rating":"A","firms":457,"defaults":0}
{"year":1984,"rating":"BBB","firms":295,"defaults":2}
{"year":1984,"rating":"BB","firms":172,"defaults":2}
{"year":1984,"rating":"B","firms":181,"defaults":6}
{"year":1984,"rating":"C","firms":19,"defaults":3}
{"year":1985,"rating":"A","firms":514,"defaults":0}
{"year":1985,"rating":"BBB","firms":282,"defaults":0}
{"year":1985,"rating":"BB","firms":204,"defaults":3}
{"year":1985,"rating":"B","firms":204,"defaults":11}
{"year":1985,"rating":"C","firms":19,"defaults":2}
{"year":1986,"rating":"A","firms":551,"defaults":1}
{"year":1986,"rating":"BBB","firms":295,"defaults":1}
{"year":1986,"rating":"BB","firms":232,"defaults":3}
{"year":1986,"rating":"B","firms":291,"defaults":25}
{"year":1986,"rating":"C","firms":17,"defaults":3}
{"year":1987,"rating":"A","firms":505,"defaults":0}
{"year":1987,"rating":"BBB","firms":317,"defaults":0}
{"year":1987,"rating":"BB","firms":268,"defaults":1}
{"year":1987,"rating":"B","firms":358,"defaults":12}
{"year":1987,"rating":"C","firms":63,"defaults":6}
{"year":1988,"rating":"A","firms":520,"defaults":0}
{"year":1988,"rating":"BBB","firms":333,"defaults":0}
{"year":1988,"rating":"BB","firms":291,"defaults":3}
{"year":1988,"rating":"B","firms":418,"defaults":16}
{"year":1988,"rating":"C","firms":59,"defaults":13}
{"year":1989,"rating":"A","firms":561,"defaults":0}
{"year":1989,"rating":"BBB","firms":334,"defaults":2}
{"year":1989,"rating":"BB","firms":282,"defaults":2}
{"year":1989,"rating":"B","firms":416,"defaults":14}
{"year":1989,"rating":"C","firms":55,"defaults":16}
{"year":1990,"rating":"A","firms":584,"defaults":0}
{"year":1990,"rating":"BBB","firms":347,"defaults":2}
{"year":1990,"rating":"BB","firms":286,"defaults":10}
{"year":1990,"rating":"B","firms":365,"defaults":31}
{"year":1990,"rating":"C","firms":48,"defaults":15}
{"year":1991,"rating":"A","firms":602,"defaults":0}
{"year":1991,"rating":"BBB","firms":376,"defaults":2}
{"year":1991,"rating":"BB","firms":241,"defaults":6}
{"year":1991,"rating":"B","firms":287,"defaults":39}
{"year":1991,"rating":"C","firms":61,"defaults":19}
{"year":1992,"rating":"A","firms":678,"defaults":0}
{"year":1992,"rating":"BBB","firms":399,"defaults":0}
{"year":1992,"rating":"BB","firms":243,"defaults":0}
{"year":1992,"rating":"B","firms":225,"defaults":16}
{"year":1992,"rating":"C","firms":51,"defaults":12}
{"year":1993,"rating":"A","firms":762,"defaults":0}
{"year":1993,"rating":"BBB","firms":458,"defaults":0}
{"year":1993,"rating":"BB","firms":286,"defaults":1}
{"year":1993,"rating":"B","firms":236,"defaults":5}
{"year":1993,"rating":"C","firms":50,"defaults":6}
{"year":1994,"rating":"A","firms":845,"defaults":1}
{"year":1994,"rating":"BBB","firms":528,"defaults":0}
{"year":1994,"rating":"BB","firms":374,"defaults":1}
{"year":1994,"rating":"B","firms":346,"defaults":9}
{"year":1994,"rating":"C","firms":26,"defaults":4}
{"year":1995,"rating":"A","firms":1024,"defaults":0}
{"year":1995,"rating":"BBB","firms":639,"defaults":2}
{"year":1995,"rating":"BB","firms":428,"defaults":3}
{"year":1995,"rating":"B","firms":405,"defaults":17}
{"year":1995,"rating":"C","firms":29,"defaults":8}
{"year":1996,"rating":"A","firms":1087,"defaults":0}
{"year":1996,"rating":"BBB","firms":718,"defaults":0}
{"year":1996,"rating":"BB","firms":471,"defaults":3}
{"year":1996,"rating":"B","firms":438,"defaults":11}
{"year":1996,"rating":"C","firms":28,"defaults":1}
{"year":1997,"rating":"A","firms":1144,"defaults":0}
{"year":1997,"rating":"BBB","firms":834,"defaults":1}
{"year":1997,"rating":"BB","firms":551,"defaults":1}
{"year":1997,"rating":"B","firms":476,"defaults":15}
{"year":1997,"rating":"C","firms":27,"defaults":3}
{"year":1998,"rating":"A","firms":1183,"defaults":0}
{"year":1998,"rating":"BBB","firms":997,"defaults":3}
{"year":1998,"rating":"BB","firms":662,"defaults":5}
{"year":1998,"rating":"B","firms":700,"defaults":32}
{"year":1998,"rating":"C","firms":32,"defaults":11}
{"year":1999,"rating":"A","firms":1208,"defaults":1}
{"year":1999,"rating":"BBB","firms":1085,"defaults":2}
{"year":1999,"rating":"BB","firms":793,"defaults":8}
{"year":1999,"rating":"B","firms":899,"defaults":63}
{"year":1999,"rating":"C","firms":73,"defaults":22}
{"year":2000,"rating":"A","firms":1215,"defaults":1}
{"year":2000,"rating":"BBB","firms":1157,"defaults":4}
{"year":2000,"rating":"BB","firms":887,"defaults":10}
{"year":2000,"rating":"B","firms":961,"defaults":69}
{"year":2000,"rating":"C","firms":86,"defaults":25}