Eligible rating definition

Eligible rating means a credit rating of any of the three highest rating categories provided by an eligible rating service, whereby each category may include rating category modifiers such as “plus” or “minus” for S&P, or the equivalent for any other eligible rating service. Long-term credit ratings are deemed eligible if the rating is equal to A- or higher by S&P, or the equivalent from any other eligible rating service. Short-term credit ratings are deemed eligible if the rating is equal to or higher than A-2 or SP-2 by S&P, or the equivalent from any other eligible rating service. In the event that ratings differ among eligible rating services, the highest rating shall apply when determining whether a security bears an eligible rating.

Eligible rating means a credit rating of any of the three highest rating categories provided by an eligible rating service, whereby each category may include rating

Eligible rating means a rating assigned to such securities by S&P and being at least equal to (i) the then-current rating of the Relevant Notes or (ii) in the event that the Relevant Notes have been downgraded by S&P as a result of a failure by Party A to perform any of its obligations under this Agreement, then the rating of the Notes immediately prior to such downgrade.

Examples of Eligible rating in a sentence

• A Pay Pool Manager may award a bonus to anyemployee with an Eligible rating.

• The Eligible rating of record covers the sameperformance range as the former ratings of Marginal, Fully Successful,Commendable, and Outstanding.Unsatisfactory covers the sameperformance range as the former ratings of Unsatisfactory and Unacceptable.

• According to Department policy, the hiring authority may proceed with the hiring process once a background screening with an "Eligible" rating is received, an exemption from disqualification has been granted to an applicant with a disqualifying offense, and the applicant has successfully passed the assessment for direct-care positions.

• Employees rated Eligible (rating for performance above the Unsatisfactory level) with an overall performance score that does not fall within the top 30 percent of scores within a pay pool will receive 5 years of additional service for retention purposes (S).

More Definitions of Eligible rating

Eligible rating means a credit rating of any of the 3

Eligible rating means a sufficiently high

Eligible rating means a credit rating of any of the three highest

Eligible rating means a credit rating from any of the three

Eligible rating means a credit rating of any of the three highest rating categories provided by an eligible rating service and each category may include rating category modifiers such as "plus" or "minus" for Standard and Poor's or the equivalent for any other eligible rating service.

Eligible rating means a prescribed rating given by a prescribed rating agency or prescribed ratings given by different prescribed rating agencies;

Eligible rating means a sufficiently high 2-46 credit rating given by an eligible rating service. If a security 2-47 has differing credit ratings given by multiple eligible rating 2-48 services, the highest rating shall apply when determining whether 2-49 the security has an eligible rating. For purposes of this 2-50 definition, a sufficiently high credit rating is a credit rating of 2-51 any of the three highest rating categories provided by an eligible 2-52 rating service, including: