Question

Under what conditions will an MBS/ABS with underlying housing or infrastructure assets be reclassified as Other Investments?

a.

If downgraded below AAA or equivalent

b.

If upgraded to AAA or equivalent

c.

If downgraded below AA or equivalent

d.

If it exceeds 10% of Investment assets

Answer: (a).If downgraded below AAA or equivalent Explanation:An MBS/ABS with underlying housing or infrastructure assets will be reclassified as Other Investments if it is downgraded below AAA or equivalent.

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Q. Under what conditions will an MBS/ABS with underlying housing or infrastructure assets be reclassified as Other Investments?

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