# Obtaining the default probability and recovery rate for each credit rating?

I have the following questions for obtaining the credit rating:

1. Given that I have cumulative default probability of each credit rating from Global Corporate Average Cumulative Default Rates (1982-2002) in Standard & Poors, how can I get the recovery rate and expected loss for each credit rating?

2. What is the usual way to obtain the default probability and recovery rate?

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