{
  "docId": "019de072-e902-70b8-a16a-0f84fee19216",
  "docSlug": "f04de484c34330d992151396cf2a5e03",
  "documentTitle": "Apollo Global Management | Investor Day Presentation Deck | 157 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 97,
  "pageCount": 120,
  "prevPage": 96,
  "nextPage": 98,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 24,
  "notes": "The table highlights a 0% impairment rate for CLOs and Other ABS across AAA to BBB ratings.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de072-e902-70b8-a16a-0f84fee19216/97",
  "deckHref": "/decks/019de072-e902-70b8-a16a-0f84fee19216",
  "deckJsonHref": "/decks/019de072-e902-70b8-a16a-0f84fee19216.json",
  "deckAnchorHref": "/decks/019de072-e902-70b8-a16a-0f84fee19216#slide-97",
  "components": [
    {
      "bbox": {
        "h": 0.4,
        "w": 0.25,
        "x": 0.72,
        "y": 0.25
      },
      "kind": "list",
      "text": "Investment grade CLO debt has had lower average defaults than IG Corporates. No IG CLO or Other ABS debt has experienced principal impairment in the last decade",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2c82163e-c934-4ef2-8630-0e4e83ad07f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.95,
        "x": 0.03,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Note: Represents the average default rate of U.S. products for all categories, except CLOs. CLOs represent the average of US CLO trailing 12-month impairment rate. 2001 - 2010 includes a discounted buyback of a pre-GFC CLO tranche...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cb2c050d-262e-445b-80f8-fd0401917d73",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.66,
        "x": 0.03,
        "y": 0.25
      },
      "kind": "table",
      "text": "Rating, Corporates, CLO, Other ABS, RMBS, CMBS, Post-Crisis (2011-2020), AAA, AA, A, BBB, BB, B",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "81cf7a31-296d-47e9-9cb2-4685eb5879c7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.75,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "title",
      "text": "Historical IG Structured Credit Impairments Compare Favorably to Public Corporates of the Same Rating",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8957327e-ab08-4ac5-95b7-946d01b99cfa",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}