Advances in Decision Sciences / 2011 / Article / Tab 2

Research Article

Structural and Evolutionary Patterns of Companies in a Financial Distress Situation

Table 2

Distribution of probability of default.

Probability of defaultClassification levelsNr. of companies

Very High (VH)Z < 1.81441 (84,17%)
High (H)1.81 < Z < 2.7561 (11,64%)
Low (L)2.76 < Z < 2.995 (0,95%)
Very Low (VL)Z > 317 (3,24%)

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