S&P Rating definition

S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower's senior unsecured long-term debt securities without third-party credit enhancement.

S&P Rating means, on any date of determination, the rating most recently announced by S&P with respect to the long-term senior unsecured debt issued by the Borrower.

S&P Rating. With respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology:

Examples of S&P Rating in a sentence

• The Portfolio Profile Tests contain limitations on the proportions of the Aggregate Collateral Balance that may be made up of Collateral Debt Obligations where the Moody’s Rating is derived from an S&P Rating.

• The Collateral Management and Administration Agreement contains detailed provisions for determining the S&P Rating and the Moody’s Rating.

• List of Possible Reinsurance Panel and their corresponding A.M. Best or Standard and Poor’s (S&P) Rating and appointed resident agents.

• The Collateral Management and Administration Agreement contains detailed provisions for determining the S&P Rating and the Moody's Rating.

• In most instances, the S&P Rating and the Moody's Rating will not be based on or derived from a public rating of the Obligor or the actual Collateral Obligation.

More Definitions of S&P Rating

S&P Rating is defined in the Pricing Schedule.

S&P Rating means, with respect to a Reference Obligation:

S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

S&P Rating means with respect to any Collateral Loan, as of any date of determination, the rating determined in accordance with the following methodology:

S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from S&P for debt securities of such type, then such indicative rating shall be used for determining the “S&P Rating”).

S&P Rating means the most recently-announced rating from time to time of S&P assigned to any class of long-term senior, unsecured debt securities issued by Prologis, as to which no letter of credit, guaranty, or third party credit support is in place, regardless of whether any of such Indebtedness has been issued at the time such rating was issued.

S&P Rating means, at any time, the rating published by S&P of the Borrower’s Index Debt.