Europe:

Material

Telecom munication

Industry

Public utility

Science and technology

Energy

Consumer service

Consumer goods

Health care

Stable period

0.7442

0.6958

0.8321

0.7068

0.7265

0.6471

0.8227

0.7594

0.5626

Crisis period

0.7689

0.7047

0.8589

0.7290

0.7299

0.6975

0.8086

0.7383

0.5348

Infection

C

C

C

C

C

C

U.S.:

Stable period

0.7223

0.6982

0.8673

0.6602

0.7666

0.5772

0.8477

0.8166

0.7477

Crisis period

0.7390

0.7083

0.8634

0.6562

0.7675

0.6465

0.8342

0.7973

0.7309

Infection

C

C

C

C

China:

Stable period

0.7471

0.6019

0.7608

0.7022

0.6029

0.7313

0.7214

0.7081

0.5817

Crisis period

0.7655

0.6064

0.7734

0.7134

0.6177

0.7528

0.7471

0.7075

0.5525

Infection

C

C

C

C

C

C

C