BBB by Standard & Poor's or "Baa2" by Moody's, as promptly as practicabxx xxx in any case within 90 days of the event, the Master Servicer shall, at its expense, either
BBB ratings indicate that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category.
BBB or better by S&P and "Baa2" by Xxxxx'x; provided, however, that the Indenture Trustee's separate capital and surplus shall at all times be at least the amount required by TIA Section 310(a)(2). If the Indenture Trustee publishes annual reports of condition of the type described in TIA Section 310(a)(1), its combined capital and surplus for purposes of this Section 6.08 shall be as set forth in the latest such report. If at any time the Indenture Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08 and TIA Section 310(a)(2), it shall resign immediately in the manner and with the effect hereinafter specified in this Article VI.
Examples of BBB in a sentence
For this reason, unless advised otherwise separately in writing, We will not recommend, or place Your business with, insurers that do not have an adequate financial strength rating (BBB- or better from Standard and Poor’s or equivalent) from an independent rating agency such as Standard and Poor’s or A M Best.
At Closing Time, the Securities shall be rated at least Baa3 (stable) by Xxxxx’x Investor’s Service Inc., BBB (stable) by Fitch Ratings and BBB (negative) by S&P Global Ratings, a division of S&P Global, Inc.
More Definitions of BBB
BBB by Standard & Poor's on its long-term senior unsecured and uncredit-enhanced debt securities, and (b) "P-3" by Moody's, or if such Obligor does not have a short-term rating from Moody's, "Baa3" to "Baa2" by Moody's on its long-term senior unsecured and uncredit-enhanced debt securities.
BBB. Bonds rated "BBB" exhibit adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation. BB, B, CCC, CC, and C
BBB by Standard & Poor’s Rating Services and Fitch, Inc. and “Baa2” by Xxxxx’x Investors Service, Inc.
BBB and "BB+" to the Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, respectively.
BBB. “BB” “B” “CCC” or below 1+ (100) 75.0 % 85.0 % 88.0 % 90.0 % 92.0 % 95.0 % 95.0 % 1 (95) 70.0 % 80.0 % 84.0 % 87.5 % 91.0 % 95.0 % 95.0 % 1 (90) 65.0 % 75.0 % 80.0 % 85.0 % 90.0 % 95.0 % 95.0 % 2 (85) 62.5 % 72.5 % 77.5 % 83.0 % 88.0 % 92.0 % 92.0 % 2 (80) 60.0 % 70.0 % 75.0 % 81.0 % 86.0 % 89.0 % 89.0 % 2 (75) 55.0 % 65.0 % 70.5 % 77.0 % 82.5 % 84.0 % 84.0 % 2 (70) 50.0 % 60.0 % 66.0 % 73.0 % 79.0 % 79.0 % 79.0 % 3 (65) 45.0 % 55.0 % 61.0 % 68.0 % 73.0 % 74.0 % 74.0 % 3 (60) 40.0 % 50.0 % 56.0 % 63.0 % 67.0 % 69.0 % 69.0 % 3 (55) 35.0 % 45.0 % 51.0 % 58.0 % 63.0 % 64.0 % 64.0 % 3 (50) 30.0 % 40.0 % 46.0 % 53.0 % 59.0 % 59.0 % 59.0 % 4 (45) 28.5 % 37.5 % 44.0 % 49.5 % 53.5 % 54.0 % 54.0 % 4 (40) 27.0 % 35.0 % 42.0 % 46.0 % 48.0 % 49.0 % 49.0 % 4 (35) 23.5 % 30.5 % 37.5 % 42.5 % 43.5 % 44.0 % 44.0 % 4 (30) 20.0 % 26.0 % 33.0 % 39.0 % 39.0 % 39.0 % 39.0 % 5 (25) 17.5 % 23.0 % 28.5 % 32.5 % 33.5 % 34.0 % 34.0 % 5 (20) 15.0 % 20.0 % 24.0 % 26.0 % 28.0 % 29.0 % 29.0 % 5 (15) 10.0 % 15.0 % 19.5 % 22.5 % 23.5 % 24.0 % 24.0 % 5 (10) 5.0 % 10.0 % 15.0 % 19.0 % 19.0 % 19.0 % 19.0 % 6 (5) 3.5 % 7.0 % 10.5 % 13.5 % 14.0 % 14.0 % 14.0 % 6 (0) 2.0 % 4.0 % 6.0 % 8.0 % 9.0 % 9.0 % 9.0 % Recovery rate * From S&P’s published reports. If a recovery point estimate is not available for a given loan; the lower range for the applicable recovery rating should be assumed.
BBB or better by S&P, Fitch and DBRS. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); PROVIDED, HOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
BBB from S&P, or (b) “Baa3” from Xxxxx’x, or (c) if such Person has a Credit Rating at such time from both S&P and Xxxxx’x, “BBB-” from S&P and “Baa3” from Xxxxx’x.