Credit market investors have to assess yield against the probability of default constantly. In this regard, many tools have been developed to
Calculating the implied default rates from CDS spreads
![Calculating the implied default rates from CDS spreads](https://emadzikry.com/wp-content/uploads/2023/09/llustrates-the-development-of-the-mean-CDS-implied-default-probability-and-EDF-from.png)
Credit market investors have to assess yield against the probability of default constantly. In this regard, many tools have been developed to