Baa2 definition

Baa2 or higher by Moody's with respect to any outstanding long-term unsecured unsubordinated debt, and, in the case of a successor Trustee or successor Securities Administrator other than pursuant to Section 10.10, rated in one of the two highest long-term debt categories of, or otherwise acceptable to, each of the Rating Agencies. The Trustee shall not be an Affiliate of the Master Servicer. If the Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 10.06 the combined capital and surplus of such corporation shall be deemed to be its total equity capital (combined capital and surplus) as set forth in its most recent report of condition so published. In case at any time the Trustee or the Securities Administrator, as applicable, shall cease to be eligible in accordance with the provisions of this Section 10.06, the Trustee or the Securities Administrator shall resign immediately in the manner and with the effect specified in Section 10.08.
Baa2 by Xxxxx'x; and
Baa2. ["A3"]* (or its equivalent) by Moody's, or

Examples of Baa2 in a sentence

  • RatingsBestS&PMoody’sFitchSecure – 1A++AAAAaaAAASecure – 2A+AA+, AA, AA-Aa1, Aa2, Aa3AA+, AA, AA-Secure – 3AA+, AA1, A2A+, ASecure – 4A-A-A3A-Secure – 5B++, B+BBB+, BBB, BBB-Baa1, Baa2, Baa3BBB+, BBB, BBB-Vulnerable – 6B, B-, C++, C+,C, C-, D, E, FBB+, BB, BB-, B+,B, B-, CCC, CC, C, D, RBa1, Ba2, Ba3, B1, B2, B3, Caa, Ca, CBB+, BB, BB-, B+,B, B-, CCC+, CC, CCC-, DD 2.

  • Notwithstanding the above, a Customer with an issuer rating from any of the approved rating agencies below BBB (or Baa2) shall be deemed to be a Non-Investment Grade Customer.

  • If a Customer does not have a senior long-term unsecured debt rating from Standard & Poor’s, Fitch, Moody’s or Dominion, the Customer shall nevertheless be deemed an Investment Grade Customer if it has an issuer rating of BBB or higher from Standard & Poor’s, Fitch, or Dominion, or Baa2 or higher from Moody’s.

  • India’s sovereign rating decreased from Baa2 with a “negative” outlook to Baa3 with a “negative” outlook by Moody’s and from BBB with a “stable” outlook to BBB with a “negative” outlook (Fitch) in June 2020; and from BBB “stable” to BBB “negative” by DBRS in May 2020.

  • The Instruments to be issued have been rated:S&P: BBB+Moody’s: Baa2 Fitch: A-These credit ratings have been issued by Standard & Poor’s Credit Market Services Europe Limited, Moody’s Investor Services España, S.A. and Fitch Ratings España, S.A.U.Each of Standard & Poor’s Credit Market Services Europe Limited, Moody’s Investor Services España, S.A., and Fitch Ratings España, S.A.U. is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended) (the “CRA Regulation”).

More Definitions of Baa2

Baa2 by Moody's and "BBB" by S&P. Rating as of Closing: Underlying Securitiex Xxxx: Book-entry security with DTC. EXHIBIT A Standard Terms for Trust Agreements (begins on next page) STANDARD TERMS FOR TRUST AGREEMENTS between MERRILL LYNCH DEPOSITOR, INC., as Xxxxxxxox, and UNITED STATES TRUST COMPANY OF NEW YORK, as Trustee and as Securities Intermediary TRUST CERTIFICATES Dated as of February 20, 1998 Reconciliation and tie between the Standard Terms, dated as of February 20, 1998, and the Trust Indenture Act of 1939, as amended. This reconciliation and tie does not constitute part of the Standard Terms. ================================================================================ Trust Indenture Act Standard of 1939 Section Terms Section -------------------------------------------------------------------------------- 310(a)(1) 7.07 -------------------------------------------------------------------------------- (a)(2) 7.07 -------------------------------------------------------------------------------- (a)(5) 7.07 -------------------------------------------------------------------------------- 312(a) 7.14 -------------------------------------------------------------------------------- 313(a) 7.16 -------------------------------------------------------------------------------- 314(a) 3.10 -------------------------------------------------------------------------------- (c)(1) 1.03 -------------------------------------------------------------------------------- (c)(2) 1.03 -------------------------------------------------------------------------------- (e) 1.03 -------------------------------------------------------------------------------- 315(a)(1) 7.01 -------------------------------------------------------------------------------- 315(a)(2) 7.03 -------------------------------------------------------------------------------- 315(b) 7.01(d) -------------------------------------------------------------------------------- 315(d) 7.01(c) -------------------------------------------------------------------------------- 316(a)(1)(A) 5.19 -------------------------------------------------------------------------------- (a)(1)(B) 5.20 -------------------------------------------------------------------------------- (b) 5.21 -------------------------------------------------------------------------------- (c) 1.03(b) -------------------------------------------------------------------------------- 317(a)(1) 5.18 --------------------------------------------------------...
Baa2. 360 “Caa3” 8070 “Baa3” 610 “Ca” or lower 10000 Any Loan Asset issued or guaranteed by the U.S. government or any agency or instrumentality thereof is assigned a Xxxxx’x Rating Factor of 1.
Baa2 as determined by Moody’s, (ii) “BBB” as determined by S&P, (iii) “BBB” as determined by Fitch, or (iv) if none of Moody’s, S&P and Fitch are then rating Party B, an equivalent rating determined by a nationally- recognized ratings service acceptable to both parties. For the purpose of the foregoing Termination Event, the Affected Party shall be Party B.
Baa2 or better from Moody's and "BBB" or better from S&P; (iii) a performance bond issuxx xx x surety company with a rating of "B+" or better from A.M. Best Company; or (iv) such other credit support that is acceptable to Supplier.
Baa2 by Moody's; and
Baa2 with respect to Mxxxx’x) or higher from any two of Fitch, S&P or Mxxxx’x; provided, further, that if the Available Asset Coverage Ratio is not required to be calculated due to an upgrade in the Initial Borrower’s senior unsecured debt rating, then any subsequent Portfolio Investments contributed to the Bank Subsidiary shall not exceed $25,000,000 in the aggregate during each Fiscal Year in which such Available Asset Coverage Ratio is not required to be tested as of the end of such Fiscal Year. For the avoidance of doubt, if the Initial Borrower should at any time fail to maintain a senior unsecured debt rating of “BBB” (“Baa2” with respect to Mxxxx’x) or higher from any two of Fitch, S&P or Mxxxx’x, the Initial Borrower shall be required to meet the Available Asset Coverage Ratio.
Baa2 by Moody's or "BBB" by Standard & Poxx'x xxd (y) the Credit Enhancer's claims-paying ability is rated "Aaa" by Moody's and "AAA" by Standard & Pxxx'x, the Master Servicer need not make daily deposits in the Collection Account for any Collection Period, but instead may make a single deposit in the Collection Account of amounts to be remitted by it for the Collection Period in immediately available funds on the Business Day before the related Payment Date. No other amounts are to be deposited to the Collection Account, including amounts representing Foreclosure Profits, fees (including annual fees) or late charge penalties payable by mortgagors, or amounts received by the Master Servicer for the accounts of mortgagors for application towards the payment of taxes, insurance premiums, assessments, excess pay off amounts, and similar items. The Master Servicer shall remit all Foreclosure Profits to the Sponsor. The Indenture Trustee shall hold amounts deposited in the Collection Account as trustee for the Noteholders, the Transferor, and the Credit Enhancer. In addition, the Master Servicer shall notify the Indenture Trustee and the Credit Enhancer on each Determination Date of the amount of collections in the Collection Account allocable to Interest Collections and Principal Collections for the Mortgage Loans for the related Payment Date. Following this notification, the Master Servicer may withdraw from the Collection Account and retain any amounts that constitute income realized from the investment of the collections. Amounts on deposit in the Collection Account will be invested in Eligible Investments maturing no later than the day before the next Payment Date at the direction of the Master Servicer. All income realized from any investment in Eligible Investments of funds in the Collection Account is the Master Servicer's and may be withdrawn from time to time. Any losses incurred on these investments that reduce principal shall be deposited in the Collection Account by the Master Servicer out of its own funds immediately as realized.