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# Market Overview

Steakhouse Financial publishes live risk ratings for every lending market considered for inclusion in its vault products. Each market is assessed using the Multi-Layer Risk Rating framework documented in the Risk Management section, producing scores across counterparty risk, credit risk, operational risk, platform grade, market grade, and an adjusted asset grade. Ratings use the AA-to-C scale, where AA qualifies for Prime mandates, B for High Yield, and C is excluded from all publicly distributed vaults. The [Morpho V1 Markets table](/docs/markets/morpho-v1) is updated continuously as new markets are onboarded or existing ratings change.