> For the complete documentation index, see [llms.txt](https://steakhouse.financial/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://steakhouse.financial/docs/risk-management/collateral/final-market-rating.md).

# Final Market Rating

The Final Market Rating is the single score that determines whether a lending market qualifies for inclusion in a Steakhouse Financial vault. It is the worst-of across three layers: the Adjusted Asset Rating, Platform Rating, and Market Rating. The rating scale runs from AA to C, and the result maps directly to Steakhouse product eligibility.

| Final Market Rating     | Layers                                                                                                     |
| ----------------------- | ---------------------------------------------------------------------------------------------------------- |
|                         | [Adjusted Asset Rating](/docs/risk-management/collateral/adjusted-asset-rating.md)                         |
|                         | [Platform Rating](/docs/risk-management/collateral/layers-pillars-and-criteria/platform-rating-layer-2.md) |
|                         | [Market Rating](/docs/risk-management/collateral/layers-pillars-and-criteria/market-rating-layer-3.md)     |
| **Final Market Rating** | **Worst Rating of the Layers**                                                                             |

It is rated on a scale described in the [Rating Grades](/docs/risk-management/collateral/layers-pillars-and-criteria.md#rating-grades) section, from **AA** (highest quality) to **C** (riskiest practice), and the FMR determines the asset’s eligibility within Steakhouse product ranges.

{% content-ref url="/pages/v49RGVg30FX3J2xwGUKk" %}
[Collateral Standards](/docs/risk-management/collateral/collateral-standards.md)
{% endcontent-ref %}

{% content-ref url="/pages/CBfanE2E7EgMhF0lZdhu" %}
[Layers, Pillars and Criteria](/docs/risk-management/collateral/layers-pillars-and-criteria.md)
{% endcontent-ref %}


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