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FDIC Banking Review
Figure 7
Market-based Measures of Risk in the Telecommunications Sector |
| Quarter |
Median EDF for Telecommunications Firms |
| Q4'94 |
0.50 |
| Q1'95 |
0.50 |
| Q2'95 |
0.46 |
| Q3'95 |
0.47 |
| Q4'95 |
0.52 |
| Q1'96 |
0.57 |
| Q2'96 |
0.60 |
| Q3'96 |
0.70 |
| Q4'96 |
0.76 |
| Q1'97 |
1.17 |
| Q2'97 |
1.00 |
| Q3'97 |
0.96 |
| Q4'97 |
0.84 |
| Q1'98 |
0.67 |
| Q2'98 |
1.09 |
| Q3'98 |
2.38 |
| Q4'98 |
2.82 |
| Q1'99 |
2.50 |
| Q2'99 |
1.85 |
| Q3'99 |
1.83 |
| Q4'99 |
1.94 |
| Q1'00 |
1.23 |
| Q2'00 |
1.80 |
| Q3'00 |
2.43 |
| Q4'00 |
3.98 |
| Q1'01 |
5.61 |
| Q2'01 |
12.02 |
| Q3'01 |
18.61 |
| Q4'01 |
17.66 |
| Q1'02 |
20.00 |
| Q2'02 |
20.00 |
| Q3'02 |
20.00 |
| Q4'02 |
20.00 |
| Q1'03 |
20.00 |
| Q2'03 |
19.50 |
| Q3'03 |
9.23 |
| Q4'03 |
5.71 |
| Q1'04 |
3.08 |
| Source: Moody's KMV |
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