Adjusted Asset Rating

How the Adjusted Asset Rating is calculated by taking the better of Credit Risk and Credit Enhancement in Steakhouse Financial's risk model.

In Steakhouse Financial's risk model, the Adjusted Asset Rating recalculates the Asset Rating by taking the better of two inputs: the base Credit Risk score and the Credit Enhancement score derived from market-level protections.

Asset Layer	Pillars
Asset Rating Pillars	Issuer Risk
	Credit Enhancement: Best Rating of (Credit Risk at the asset-level, Credit Enhancement at the market-level)
	Operational Risk
Adjusted Asset Rating	Worst Rating of the Criteria