Kamakura Reports Significant Decline in Corporate Credit Quality during December 2014

NEW YORK, January 5, 2015: Kamakura Corporation reported Monday that the Kamakura troubled company index ended the month of December at 6.42%, an increase of 1.31% from the end of November. The index reflects the percentage of the Kamakura 34,000 public firm universe that has a default probability over 1.00%. An increase in the index reflects declining credit quality while a decrease reflects improving credit quality.

As of the end of December, the percentage of the global corporate universe with default probabilities between 1% and 5% was 5.03%, up 0.92% from November; the percentage of the universe with default probabilities between 5% and 10% was 0.95%, up 0.27%; the percentage between 10% and 20% was 0.31%, up 0.6%; while the percentage of companies with default probabilities over 20% was 0.13%, up 0.06 from the previous month.

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