Below Investment Grade definition
Below Investment Grade means, with respect to any Series of RVMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):
Below Investment Grade means any obligation, the highest rating for which from any of ▇▇▇▇▇’▇, S&P, Fitch and, in their absence, any other NRSRO is:
Below Investment Grade means, with respect to any Series of VMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):
Examples of Below Investment Grade in a sentence
A “Ratings Event” shall be deemed to exist with respect to any Series of RVMTP Shares at any time such RVMTP Shares have a long-term credit rating from at least one-half of the Rating Agencies designated at such time that is Below Investment Grade.
More Definitions of Below Investment Grade
Below Investment Grade means, with respect any Series of VMTP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):
Below Investment Grade means, with respect to the MFP Shares and as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):
Below Investment Grade means any obligation, the highest rating for which from any of Moody’s, S&P and Fitch is:
Below Investment Grade means any obligation, the highest rating for which from any of Moody’s, S&P, Fitch and, in their absence, any other NRSRO is:
Below Investment Grade means the Notes are rated lower than Baa3, BBB- or BBB- by Moody’s Investors Service, Inc., Standard & Poor’s Ratings Group or Fitch, Inc., respectively.
Below Investment Grade means, as of any date, the following ratings with respect to each Rating Agency (to the extent it is a Rating Agency on such date):
Below Investment Grade means securities with NAIC Ratings of 3, 4, 5 or 6.