| Company | MLCR Rating | Probability of Downgrading to A− | Probability of Downgrading Below A− |
| Bond 1 | A+ | 12.9% | 9.1% |
| Bond 2 | AA− | 6.3% | 22.3% |
| Bond 3 | A | 17.2% | 38.8% |
| Bond 4 | AA+ | 13.7% | 11.1% |
| Bond 5 | A | 8.8% | 34.8% |
| Bond 6 | A | 6.5% | 25.3% |
| Bond 7 | A | 13.5% | 47.3% |
| Bond 8 | A | 10.9% | 6.6% |
| Bond 9 | A | 14.3% | 23.7% |
| Bond 10 | A | 14.6% | 29.1% |