Investment Grade Rating. The Company shall procure that the long-term, unsecured and non credit-enhanced debt obligations of the Company shall be rated Baa3/BBB-, or such higher rating as required by the Licence, or above, by at least one of Moody’s and Standard and Poor’s and shall not be rated below Baa3/BBB-, or such higher rating as required by the Licence, by either of Moody’s or Standard and Poor’s.
Appears in 3 contracts
Samples: Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)
Investment Grade Rating. The Company shall procure that the long-term, unsecured and non credit-enhanced debt obligations of the Company shall be rated Baa3/BBB-, or such higher rating as required by the Licence, or above, by at least one of Moody’s Xxxxx'x and Standard and Poor’s 's and shall not be rated below Baa3/BBB-, or such higher rating as required by the Licence, by either of Moody’s Xxxxx'x or Standard and Poor’s's.
Appears in 1 contract
Samples: Agreement (PPL Corp)
Investment Grade Rating. The Company shall procure that the long-term, unsecured and non credit-enhanced debt obligations of the Company shall be rated Baa3/BBB-, or such higher rating as required by the Licence, or above, by at least one of Moody’s and Standard and Poor’s and shall not be rated below Baa3/BBB-, or such higher rating as required by the Licence, by either of Moody’s or Standard and Poor’s.. 17.17
Appears in 1 contract
Samples: Amendment and Restatement Agreement (LG&E & KU Energy LLC)
