S&P Rating	10% LGD	45% LGD	90% LGD	Current Accord 8%
AAA	0.31%	1.18%	2.36%	8.00%
AA+	0.31%	1.18%	2.36%	8.00%
AA	0.31%	1.18%	2.36%	8.00%
AA-	0.31%	1.18%	2.36%	8.00%
A+	0.31%	1.18%	2.36%	8.00%
A	0.36%	1.60%	3.20%	8.00%
A-	0.36%	1.60%	3.20%	8.00%
BBB+	0.60%	2.69%	5.37%	8.00%
BBB	0.84%	3.78%	7.56%	8.00%
BBB-	1.07%	4.83%	9.66%	8.00%
BB+	1.20%	5.42%	10.83%	8.00%
BB	1.69%	7.60%	15.21%	8.00%
BB-	1.93%	8.70%	17.39%	8.00%
B+	2.55%	11.49%	22.98%	8.00%
B	4.06%	18.28%	36.57%	8.00%
B-	4.52%	20.34%	40.69%	8.00%
CCC	6.54%	29.41%	58.82%	8.00%

Note: Calculations assume M=2.5 years, PD=S&P's default rate by rating modifier.

Source: FDIC calculations based on Basel QIS-3