Composite Rating definition

Composite Rating means (i) if such Security is rated by either S&P or ▇▇▇▇▇’▇, but not both, the composite rating indicated on the chart below as corresponding to the rating given to such Security by S&P or ▇▇▇▇▇’▇; and (ii) if such Security is rated by both S&P and ▇▇▇▇▇’▇, the composite rating indicated on the chart below as corresponding to a score equal to the average (rounded up to the nearest integer) of the scores assigned on the chart below to such Security’s S&P rating and such Security’s ▇▇▇▇▇’▇ rating. Baa1 BBB+ 1 BBB+ Baa2 BBB 2 BBB ▇▇▇▇ ▇▇▇- ▇ ▇▇▇- ▇▇▇ BB+ 4 BB+ Ba2 BB 5 BB Ba3 BB- 6 BB- B1 B+ 7 B+ B2 B 8 B B3 B- 9 B- Caa1 CCC+ 10 CCC+ Caa2 CCC 11 CCC Caa3 CCC- 12 CCC- Notwithstanding the foregoing, for purposes of determining the Composite Rating of the Notes of this Series, in the event that, at the time of such determination, neither S&P nor ▇▇▇▇▇’▇ has rated the Notes of this Series, then (a) the rating of the Notes of this Series from S&P and/or ▇▇▇▇▇’▇, as applicable, shall be deemed, for purposes of this definition, to be the same as (i) the rating by the applicable rating agency of the Company’s 6.625% Senior Notes due 2023 or (ii) solely in the event that the 6.625% Senior Notes due 2023 are not outstanding, or are not rated by either rating agency, the rating of any other series of unsecured notes issued by the Company which rank pari passu in right of payment with, and are guaranteed on a similar basis as, the Notes of this Series (and, if multiple series of notes issued by the Company and meeting the requirements of this clause (ii) are outstanding, the rating of the Notes of this Series shall be deemed to be the rating of the series of notes issued by the Company with a remaining tenor closest to the remaining tenor of the Notes of this Series) and (b) in the event that ratings from either rating agency in respect of any notes of the types described in clause (a)(i) or (ii) are not available, for purposes of determining the Adjusted Bond Yield of a Component Bond in relation to the Notes of this Series, clause (iii) of the definition of Adjusted Bond Yield shall be deemed to be zero. If neither S&P nor ▇▇▇▇▇’▇ has rated a Component Bond, then for purposes of determining the Adjusted Bond Yield of such Component Bond, clause (iii) of the definition of Adjusted Bond Yield shall be deemed to be zero.

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Composite Rating means (i) if such Security is rated by either S&P or Moody's, but not both, the composite rating indicated on the chart below as corresponding to the rating given to such Security by S&P or Moody's; and (ii) if such Security is rated by both S&P and Moody's, the composite rating indicated on the chart below as corresponding to a score equal to the average (rounded up to the nearest integer) of the scores assigned on the chart below to such Security's S&P rating and such Security's ▇▇▇▇▇'▇ rating. Notwithstanding the foregoing, for purposes of determining the Composite Rating of any series of DT Notes, in the event that, at the time of such determination, neither S&P nor Moody's has rated the applicable series of DT Notes, then (a) the rating of such series of DT Notes from S&P and/or Moody's, as applicable, shall be deemed, for purposes of this definition, to be the same as (i) the rating by the applicable rating agency of the Company's 6.625% Senior Notes due 2023 or (ii) solely in the event that the 6.625% Senior Notes due 2023 are not outstanding, or are not rated by either rating agency, the rating of any other series of unsecured notes issued by the Company which rank pari passu in right of payment with, and are guaranteed on a similar basis as, the applicable series of DT Notes (and, if multiple series of notes issued by the Company and meeting the requirements of this clause (ii) are outstanding, the rating of the applicable series of DT Notes shall be deemed to be the rating of the series of notes issued by the Company with a remaining tenor closest to the remaining tenor of the applicable series of DT Notes) and (b) in the event that ratings from either rating agency in respect of any notes of the types described in clause (a)(i) or (ii) are not available, for purposes of determining the Adjusted Bond Yield of a Component Bond in relation to such series of DT Notes, clause (iii) of the definition of Adjusted Bond Yield shall be deemed to be zero. If neither S&P nor Moody's has rated a Component Bond, then for purposes of determining the Adjusted Bond Yield of such Component Bond, clause (iii) of the definition of Adjusted Bond Yield shall be deemed to be zero.

Examples of Composite Rating in a sentence

A PIP is triggered by an overall Composite Rating of “Ineffective.” Additionally, a rating of “Ineffective” in one or more of the power components may trigger interventions to assist teacher development of improved practice.
A PIP is triggered by an overall Composite Rating of “Developing” or “Ineffective”.
FOR THE ASSOCIATION FOR THE DISTRICT ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Association President Superintendent of Schools Cincinnatus Education Association Cincinnatus Central School District Date Date Announced Observation A, B, C or D A, B, E, F, G, H Unannounced Observation Composite Rating A, B, C or D C or D, I A, B, E, G E, I Teacher Improvement Plan J J SLO Chart K K * The following forms must be completed in conjunction with the performance of the above referenced observations and the composite rating.
The ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ and Vice President for Academic Affairs shall make the final determination of the Overall Composite Rating (OCR), as set forth in Article XVIII, to be assigned to each faculty member no later than June 30 and, in the absence of an appeal, shall make such decision based on the rating of the ▇▇▇▇.
The evaluation of faculty performance shall be expressed as an Overall Composite Rating (OCR) computed as specified in Article 15.
Requirements are further defined in Section 11.2. Composite Rating Composite rate is the combination of all basic rates, increased factors, credits and surcharges into a combined rate.
The weights will be used to calculate the composite rating for each evaluation category as well as the Overall Composite Rating (OCR).