Hello! I have a long list of banks. For every bank there is a rating. The rating consits of letters and sometimes a plus or minus sign eg AA-, BBB+, A. On another spreadsheet I have a table that consists of ratings and mean default rates. The table looks like:
What I want to do is to get the mean default rate for every bank based on the rating. The problem is that the ratings for the banks have the plus/minus also. Thus I want to ignore them and just pick the rating based on the letters. Any help very much apreciated! Thanks alot!
AAA 0%
AA 2%
A 5%
BBB 11,2%
What I want to do is to get the mean default rate for every bank based on the rating. The problem is that the ratings for the banks have the plus/minus also. Thus I want to ignore them and just pick the rating based on the letters. Any help very much apreciated! Thanks alot!
