Constant annual default rate
12 Dec 2014 Constant Default Rate (CDR) is an annualized rate of default on a pool of loans. The default rate on loans depends on a number of conditions, traditionally reported its average cumulative default rates calculated using annual cohort spacing (cohorts of issuers formed on January 1 of each year). 14 Nov 2018 The cumulative expected loss notion represents the expected loss as it can be This means that the average default rate per year for a 4.98% more than 5%, is posted annually at www.moodys.com under the heading