Bond Rating Sample Clauses
The Bond Rating clause establishes requirements regarding the minimum credit rating that a bond or debt instrument must maintain, as determined by recognized rating agencies. Typically, this clause specifies acceptable rating thresholds (such as investment grade) and may outline actions to be taken if the rating falls below the required level, such as triggering a default or requiring additional security. Its core function is to protect parties by ensuring that the financial instruments involved maintain a certain level of creditworthiness, thereby managing risk and providing assurance of the issuer’s ability to meet its obligations.
Bond Rating. It is a condition to the issuance of the Series 199_-__ Bonds that they be rated "___" by _______________. 32
Bond Rating. To maintain an investment grade bond rating on its rated securities as defined by ▇▇▇▇▇'▇ Investors Service, Inc. and Standard & Poor's Rating Group.
Bond Rating. An unenhanced bond rating of at least AA- (i.e., AA minus) or its equivalent within the last three years from the date a management agreement between the institution and the Commonwealth is entered into, from at least one of the following agencies (check all that apply):
Bond Rating. The Bonds shall be subject to a rating that is acceptable to the Sole Issue Manager, Sole Lead Underwriter and Sole Bookrunner. The rating is subject to regular annual reviews, or more frequently as market developments may dictate, for as long as the Bonds are outstanding.