Class B Bond Asset definition
Class B Bond Asset means, as of any date of determination, a Borrowing Base Eligible Asset (i) that is a Bond Asset related to corporate bond obligations, (ii) that is not a Class A Bond Asset and (iii) in respect of which such corporate bond obligations are rated as of such date of determination no less than "BB-" from S&P and "Ba3" from Moody's, or which, if rated only by S&P or Moody's, shall be rated no less than "BB-" from S&P or "Ba3" from Moody's, or which, if unrated, are in the reasonable judgment of the Adviser of equivalent credit quality.
Class B Bond Asset means, as of any date of determination, a Borrowing Base Eligible Asset that is a Bond Asset that (i) is not a Class A Bond Asset or a Distressed Bond Asset and (ii) is rated as of such date of determination no less than “BB-” from S&P and no less than “Ba3” from Moody’s, or which, if rated only by S&P or Moody’s, shall be rated no less than “BB-” from S&P or no less than “Ba3” from Moody’s, or which, if unrated, are in the reasonable judgment of the Adviser of equivalent credit quality.