Investment Grade Credit Rating definition

Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

Investment Grade Credit Rating means a rating of “BBB” or better from Standard and Poor’s, a division of McGraw-Hill Companies, Inc., or a rating of “Baa3” or better from Moody’s Investor Services.

Investment Grade Credit Rating means, with respect to the Borrower, a Credit Rating of at least BBB- by S&P, Baa3 by Moody’s or BBB- by Fitch, and such rating shall not be accompanied by (a) in the case of S&P, a negative outlook, creditwatch negative or the equivalent thereof, (b) in the case of Moody’s, a negative outlook, a review for possible downgrade or the equivalent thereof or (c) in the case of Fitch, a negative watch or the equivalent thereof.

Examples of Investment Grade Credit Rating in a sentence

• At any time, Seller shall have the option to provide or replace the Decommissioning Bond with a guaranty from an entity with an Investment Grade Credit Rating and in form and substance reasonably acceptable to Purchaser.

• The Seller shall be required to maintain the Seller’s Credit Support Amount until such time as the Seller obtains an Investment Grade Credit Rating at which time the Seller’s Credit Support Amount shall be cancelled and returned to the Seller.

• Following COD, the Security Fund may consist of a guaranty substantially in the form of Exhibit H – Form of Guaranty, from a parent or other guarantor (“Guarantor”) with a minimum of net worth of at least $250,000,000 and an Investment Grade Credit Rating (and if such Credit Rating is exactly equivalent to BBB- [S&P] / Baa3 [Xxxxx’x], the Guarantor must not be on credit watch by any rating agency).

• If the Credit Rating of Seller’s Guarantor is lower than an Investment Grade Credit Rating, Seller’s Performance Assurance shall be in the form of a Letter of Credit.

• Within ten (10) Business Days after the Effective Date, Seller shall provide Performance Assurance to Buyer, the amount of which shall be as follows during the Term: As long as the Credit Rating of Seller’s Guarantor is an Investment Grade Credit Rating, Seller’s Performance Assurance shall be in the form of a Parent Guaranty.

More Definitions of Investment Grade Credit Rating

Investment Grade Credit Rating means with respect to any Person, a rating of the long-term unsecured debt securities of such Person (or if such rating is unavailable, issuer rating) equal to or higher than (1) “BBB-” (or the equivalent) with a stable or better outlook by Standard & Poor’s Financial Services LLC, or (2) “Baa3” (or the equivalent) with a stable or better outlook by Xxxxx’x Corporation; provided, that if such Person has a rating from both Standard & Poor’s Financing Services LLC and Xxxxx’x Corporation, then the applicable rating shall be deemed to be the lower of the two.

Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Moody's or (ii) a Credit Rating of BBB- or higher given by S&P.

Investment Grade Credit Rating means the rating assigned to the senior unsecured debt of the Issuer by any Rating Agency that is Baa3, BBB- or its equivalent for the time being or better.

Investment Grade Credit Rating means receipt of at least two Debt Ratings of Baa3 or better from Moody’s or BBB- or better from S&P or Fitch.

Investment Grade Credit Rating means, with respect to any Person, having a rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by S&P.

Investment Grade Credit Rating means a Credit Rating of BBB- or higher from FitchRatings, Baa3 or higher from Moodys, and BBB- or higher from Standard and Poors, and such other similar minimum rating level from another similar nationally recognized Credit Rating firm as may reasonably attain a similar role in the future.

Investment Grade Credit Rating means, as of any date of determination, that at least 2 Rating Agencies have as of that date issued credit ratings for Borrower’s non-credit-enhanced long-term senior unsecured debt of (a) at least BBB- in the case of S&P, (b) at least Baa3 in the case of Moody’s, and (c) at least BBB in the case of Fitch.