DBRS definition
Examples of DBRS in a sentence
With respect to each Collateral Obligation which has received a Manager Estimate from the Portfolio Manager, and which does not have a Credit Estimate or rating from ▇▇▇▇▇’▇, S&P or DBRS, the Borrower (or the Portfolio Manager on the Borrower’s behalf), on or prior to the 367th day after the date of assignment of such Manager Estimate, shall assign an updated Manager Estimate based on updated information reasonably available to it relating to such Collateral Obligation within such 367 day period.
Promptly upon the Borrower’s or the Portfolio Manager’s receipt of any such updated Credit Estimate from ▇▇▇▇▇’▇, S&P or DBRS, as applicable, the Borrower (or the Portfolio Manager on the Borrower’s behalf) shall deliver such updated Credit Estimate to the Collateral Agent.
Following such ninety (90) day period, the ratings of all Collateral Obligations shall be determined by the Portfolio Manager in its commercially reasonable discretion, but shall be no better than a ▇▇▇▇▇’▇ Rating of “Caa1”, S&P Rating of “CCC+” or DBRS Rating of “CCC (high)”.