approved rating definition

approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:
approved rating means a rating of P-1 by Moody's or A-l+ by Standard & Poor's.
approved rating means a long-term debt rating of the Counterparty or each successor counterparty of at least A by S&P or an equivalent rating from DBRS Limited, Moody’s Investors Service, Inc., Fitch Ratings or any of their respective successors.

Examples of approved rating in a sentence

  • Any word capitalised will have the meaning set out below: Approved Rating – a rating of BBB or greater by Standard and Poors or an equivalent rating by a rating agency of similar status.


More Definitions of approved rating

approved rating means an investment grade rating or higher from an approved rating organization;
approved rating means an investment grade rating or higher from a designated rating organization;
approved rating means a rating of P-1 by Moody's and a rating of A-1+ by Standard & Poor's.
approved rating has the meaning ascribed thereto in Section 4.1(a).
approved rating means a rating of _____ by __________ or _____ by __________.
approved rating means an A2 or an A+ rating of long-term debt given by Moody's and/or Standard & Poor's, or another equivalent internationally recognised credit rating agency reasonably satisfactory to the Company;
approved rating means a long-term debt rating of the Counterparty or each successor counterparty of at least A by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., or an equivalent rating from Dominion Bond Rating Service Limited, Moody’s Investors Service, Inc., Fitch Ratings, or any of their respective successors.