Migration & Trend Analysis | RegX³ Portfolio Sentinel

Credit Risk Migration & Transition Momentum Matrix

14x14 Markov Transition Kernel, Rolling 4Q Drift Velocity & Rating Inflow Radar

CECL / SR 11-7 Migration Protocol

MIGRATION MOMENTUM AUDIT: Calculating rating drift velocity...

Rolling 4Q U:D Momentum Ratio

-- upgrades vs downgrades

Criticized Inflow Velocity

Pass → OAEM/Substandard rate

Rating Stability Retention

On-diagonal Markov persistence

Net 4Q Downgrade Burn

Volume delta (Downgrades - Upgrades)

14x14 Markov Transition Matrix (Annual Probabilities %) Row = Initial Grade | Column = Ending Grade | Blue Diagonal = Stability | Red = Downgrades | Green = Upgrades

Upgrade (Lower Triangle) Stable (Diagonal) Downgrade (Upper Triangle)

Rolling 4-Quarter Upgrade vs Downgrade Volume Quarterly Dollar Velocity ($ Millions)

1-Year Forward Markov Chain Balance Drift Current Active ($M) vs Expected Year-End Distribution

Active Loan-Level Rating Migration & Drift Audit

Recent Cycle Re-Rating Trajectory

Loan ID	Borrower	Segment	Property Type	Prior Rating	Current Rating	Notch Delta	Migration Direction	Outstanding	Regulatory Status