<t>Thank you. I think I figure it out.We can get default probability curve from spread curve. But where does that spreads come from? I mean, if spreads can not be derived from MarkIT or BLG, can we find a website that includes default probability for AAA company's bonds, default probability for AA c...

<t>Hi, I have a question and believe a lot of you can help me. When we price a CDS, we can find spread from MarkIT, then transfer the spread curve to default probability curve. Then use the default probability to get the value. Does anybody know how to transfer CDS spreads to default probability? Th...