AA (sf) definition

AA (sf) means superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from “AAA” only to a small degree. Unlikely to be significantly vulnerable to future events. The absence of either a “(high)” or “(low)” designation indicates that the credit rating is in the middle of the category;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

AA (sf) means superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from AAA only to a small degree. Unlikely to be significantly vulnerable to future events;

AA (sf) on or prior to the six–month anniversary of the Closing Date and agree to amend this Agreement and the other Loan Documents as reasonably necessary to obtain such rating. In the event that on or after the three–month anniversary of the Closing Date, the Administrative Agent does not have a reasonable expectation that such rating will be obtained by the six-month anniversary of the Closing Date, the Administrative Agent will notify the Borrower. The Borrower will thereafter have the right to obtain an equivalent rating from Fitch or DBRS and the Majority Lenders and the Administrative Agent will cooperate with the Borrower in order to obtain such equivalent rating from Fitch or DBRS, including by amending this Agreement and the other Loan Documents to the extent reasonably necessary to obtain such equivalent rating. The Majority Lenders and the Administrative Agent will not unreasonably withhold consent to any amendments required by any Rating Agency in order to obtain such a rating.

Examples of AA (sf) in a sentence

• The Class B Notes shall have been rated at least Aa2 (sf) by Moody’s and at least AA+ (sf) by Fitch.

• The Class B Notes shall have been rated at least Aa2 (sf) by Moody’s and at least AA (sf) by S&P.

• The Class B Notes shall have been rated at least AA+ (sf) by S&P and at least Aa1 (sf) by Moody’s.

• The Class B Notes shall have been rated at least AA sf by Fitch and at least AA+ (sf) by S&P.

• The Class C Notes shall have been rated at least A+ (sf) by S&P and at least AA- sf by Fitch.

• The Class B Notes shall have been rated at least AA sf by Fitch, at least AA+ (sf) by S&P and at least Aa1 (sf) by Moody’s.

• The Class B Notes shall have been rated at least AA (sf) by S&P and at least Aa1 (sf) by Moody’s.

• The Borrowers, the Administrative Agent and Majority Lenders shall endeavor to obtain an S&P rating of the Loans of at least "AA (sf)" no later than the three week anniversary of the Amended and Restated Closing Date and agree to amend this Agreement and the other Loan Documents as reasonably necessary to obtain such S&P rating.

• The Class B Notes shall have been rated at least AA+ (sf) by S&P, at least AA sf by Fitch and at least Aa1 (sf) by Moody’s.

• The Class B Notes shall have been rated at least AA+ sf by Fitch and at least Aa1 (sf) by Moody’s.

More Definitions of AA (sf)

AA (sf) means very high credit quality;

AA (sf). AA (sf)" N/A Expected Fitch Initial Rating .............................................. "AAAsf" N/A N/A N/A N/A N/A Interest Rate(3) .............................................. Reference Rate + 1.665% Reference Rate + 1.85% Reference Rate + 1.85% Reference Rate + 2.10% Reference Rate + 2.10% N/A Stated Maturity ...........................................

AA (sf). N/A Priority Class(es)

AA (sf) means superior credit quality;