Credit Rating definition

Credit Rating means the rating assigned by a Rating Agency to the senior unsecured long term Indebtedness of a Person.

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Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

Examples of Credit Rating in a sentence

Until paid pursuant to the terms of this Agreement, the Rights Agent will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Moody’s (Long Term Rating) and Fitch Ratings, Inc.
The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to BBB by S&P or Baa2 by ▇▇▇▇▇’▇ and Credit Rating Levels 1, 2, 3 and 4 are not applicable; Credit Rating Level 6.
The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to A- by S&P or A3 by ▇▇▇▇▇’▇ and Credit Rating Levels 1 and 2 are not applicable; Credit Rating Level 4.
The Credit Rating Level which would be applicable for so long as the Credit Rating is greater than or equal to A by S&P or A2 by ▇▇▇▇▇’▇ and Credit Rating Level 1 is not applicable; Credit Rating Level 3.
The Credit Rating Level which would be applicable for so long as the Credit Rating is less than BBB- by S&P or Baa3 by ▇▇▇▇▇’▇ or there is no Credit Rating.

More Definitions of Credit Rating

Credit Rating means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements), or (b) if such entity does not have a rating for its unsecured senior long-term debt obligations, then the rating assigned to such entity as an issuer rating by S&P and/or ▇▇▇▇▇’▇. If the entity is rated by both S&P and ▇▇▇▇▇’▇ and such ratings are not equivalent, the lower of the two ratings shall determine the Credit Rating. If the entity is rated by either S&P or ▇▇▇▇▇’▇, but not both, then the available rating shall determine the Credit Rating.

Credit Rating means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements), or (b) if such entity does not have a rating for its unsecured senior long-term debt obligations, then the rating assigned to such entity as an issuer rating by S&P and/or Moody’s. If the entity is rated by both S&P and Moody’s and such ratings are not equivalent, the lower of the two ratings shall determine the Credit Rating. If the entity is rated by either S&P or Moody’s, but not both, then the available rating shall determine the Credit Rating.

Credit Rating means, at any time, with respect to Caterpillar or CFSC, the credit rating on such Borrower’s long-term senior unsecured debt then most recently publicly announced by either ▇▇▇▇▇’▇ or S&P, and “Credit Ratings” means with respect to each such Borrower, such credit ratings from both ▇▇▇▇▇’▇ and S&P. In the case of each of CFKK and CIF, “Credit Rating” and “Credit Ratings” mean, at any time, the Credit Rating and Credit Ratings of CFSC at such time, as determined pursuant to the preceding sentence.

Credit Rating is replaced in its entirety, as follows:

Credit Rating means, with respect to any entity, (a) the rating then assigned to such entity’s unsecured senior long-term debt obligations (not supported by third party credit enhancements) or

Credit Rating. The definition of “Credit Rating” in Section 1.12 is replaced in its entirety and shall have the meaning given to it in the Collateral Annex. 5. Section 1.25—“Guarantor”: The definition of “Guarantor” in Section 1.25 is replaced in its entirety, as follows:

Credit Rating means, with respect to (a) S&P, the rating assigned by S&P to the short-term senior unsecured debt of ▇▇▇▇▇▇, and (b) ▇▇▇▇▇’▇, the rating assigned by ▇▇▇▇▇’▇ to the long-term senior unsecured debt of ▇▇▇▇▇▇ or to the short-term senior unsecured debt of ▇▇▇▇▇▇, as applicable.