approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:
approved rating means a rating of P-1 by Moody's or A-l+ by Standard & Poor's.
approved rating means a long-term debt rating of the Counterparty or each successor counterparty of at least A by S&P or an equivalent rating from DBRS Limited, Moody’s Investors Service, Inc., Fitch Ratings or any of their respective successors.
Examples of approved rating in a sentence
If the credit rating of the issuer of any Financial Security, put in place by the Company in accordance with the requirements of this Connection Agreement, falls below the Approved Rating, Gas Networks Ireland may require the Company to replace such issuer with an entity possessing a credit rating which is equal to or exceeds the Approved Rating.
More Definitions of approved rating
approved rating means an investment grade rating or higher from an approved rating organization;
approved rating means an investment grade rating or higher from a designated rating organisation;
approved rating means a rating of P-1 by Moody's and a rating of A-1+ by Standard & Poor's.
approved rating has the meaning ascribed thereto in Section 4.1(a).
approved rating means a rating of _____ by __________ or _____ by __________.
approved rating means an A2 or an A+ rating of long-term debt given by Moody's and/or Standard & Poor's, or another equivalent internationally recognised credit rating agency reasonably satisfactory to the Company;
approved rating means any one of the following generic rating categories applicable to debt or preferred shares, as the case may be, set opposite each Approved Rating Organization's name: