Macroeconomic Factor Analysis
Preliminary analysis of economic time series (transformation/differencing/Dickey Fuller test) is in progress. Mauricio has prepared a report on this.
Awaiting Craig's approval for buying bankruptcy rate data from D&B.  

Recovery Rate Analysis
We have received Recovery Rate data (Altman database) from London Credit.  Understanding the data and performing analysis is in progress.

EES Private Firm Model
Craig has requested for building a model using the data EES purchases currently from D&B. Data processing and model building is in progress.

Drivers for Ratings Downgrade
A preliminary report is being prepared.  Theoretical background, case studies, conclusions and future directions are being included in the report.