Why is asset securitization a non-recourse financing method?

Asset securitization is a non-recourse financing method and a financing financial tool.

Because once the securitized assets are really sold, even if the promoters go bankrupt due to poor management, the creditors and shareholders of the promoters have no recourse to the securitized assets, so it is an asset operation mode and belongs to financing financial instruments.

Asset securitization is a financing form of issuing tradable securities supported by a specific portfolio of assets or a specific cash flow.