my question is specifically about the hover color of a underlined link and the required contrast ratio to fulfill AA. I'm asking myself if it has to have at least a contrast ratio of 4.5:1 on hover to pass AA or if the exception from 1.4.1 (links surrounded by text only need to have 3:1 if an underline/something else is added on hover) is also valid here because the underline is already there, not only added on hover? So does the lower threshold of 3:1 also apply to hovered links that already have an underline? Theoretically it has to in my opinion, because they are allowing a low contrast ratio for non-underlined links already.
In general, link text has to be at least 4.5:1 on hover for AA, am I right?