This report does not constitute a rating action. HONG KONG (S&P Global Ratings) Nov. 3, 2026--The significant risk transfer market is gaining momentum. These instruments, generally known as SRTs, help banks manage capital and risks by offloading portions of lending portfolio credit risk to investors. Assessing underlying asset quality is crucial to determining investment fund risk. Investors want to know how we apply our alternative investment fund methodology to assess the creditworthiness of dedicated SRT funds. We answer frequently asked questions in a report published today, titled"Credit FAQ: Fund Finance Trends: How We Assess SRT Investment Funds .""Key challenges include limited disclosure on underlying reference portfolios. Other challenges include high percentages of unrated exposures, limited first-loss protection,
