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Podcast: AM Best Audio
Episode: AM Best’s Briefing – The Rating of Insurance-Related Asset-Backed Securities, Questions Answered
Description: AM Best senior analytical staff explore common types of insurance ABS transactions and the key assumptions behind their ratings. They will discuss the default rates applied to the transactions’ collateral, the asset-dependent recovery rates, the use of credit substitution and enhancement on collateral and rated securities and the determination of the implied rating of the securities by applying AM Best’s Idealized Issue Default Matrix.