Final Market Rating

The final combined Rating is the worst rating of all elements assessed for this investment position:

Final Market Rating	Layers
	Adjusted Asset Rating
	Platform Rating
	Market Rating
Final Market Rating	Worst Rating of the Layers

It is rated on a scale described in the Rating Grades section, from AA (highest quality) to C (riskiest practice), and the FMR determines the asset’s eligibility within Steakhouse product ranges.

Collateral StandardsLayers, Pillars and Criteria