Equivalent Rating definition

Equivalent Rating means in the case of any security not rated by S&P or Moody’s an equivalent rating to the relevant rating by S&P or Moody’s, which rating is issued by another Rating Agency as determined by the Investment Manager;

Equivalent Rating as defined in the definition of “Applicable Margin”.

Equivalent Rating means, in respect of a rating from a Rating Agency, the equivalent thereof resulting from any change in the rating system of such Rating Agency.

Examples of Equivalent Rating in a sentence

• The Tangible Net Worth percentage is comprised of one hundred percent (100%) of the Moody’s KMV Equivalent Rating.

• The Tangible Net Worth percentage is comprised of fifty percent (50%) of the Market Participant’s lowest credit agency issuer rating and fifty percent (50%) of the Moody’s KMV Equivalent Rating, if reasonably applicable.

• If a Moody’s KMV Equivalent Rating is not reasonably applicable, the Tangible Net Worth percentage is comprised of one hundred percent (100%) of the Market Participant’s lowest credit agency issuer rating.

• It would also be convenient if they were linked to patent and patent application information available in PAIR.

• For Rated and Unrated Public/Private Corporations or Rated Governmental Entities, the maximum percentage of Tangible Net Worth or Net Assets is 7.5 percent (7.5%) for the highest quality firms; that is, those Market Participants who maintain the highest Moody’s KMV Equivalent Rating and/or highest credit agency issuer rating.

• In order to achieve its investment objective, each Fund may invest in equity securities, collective investment schemes, warrants, preference shares, depository receipts, fixed and floating rate bonds, debentures and other debt securities issued by government, local and public authorities and corporations each having an Investment Grade or a Sub- Investment Grade or Equivalent Rating, including securities convertible or exchangeable for equity and non-equity securities.

• College Street, Charlotte, NC 28288, Attention: Transaction Management (Fax: 704-383-4600), respectively, with a copy to Mayer Brown LLP, 700 Louisiana, Suite 3400, Houston, Texas 77002, Attention: Robert F.

• If a Moody’s Analytics Equivalent Rating is not reasonably applicable, the Tangible Net Worth percentage is comprised of one hundred percent (100%) of the Market Participant’s lowest credit agency issuer rating.

• The Tangible Net Worth percentage is comprised of fifty percent (50%) of the Market Participant’s lowest credit agency issuer rating and fifty percent (50%) of the Moody’s Analytics Equivalent Rating, if reasonably applicable.

• Cash Equivalent Assets, the subject of Cash Equivalent Accounts, will be subject to a Cash Equivalent Rating.

More Definitions of Equivalent Rating

Equivalent Rating means an equivalent rating as determined by the Relevant Rating Agency.

Equivalent Rating means with specific reference to senior debt ratings (or equivalent):

Equivalent Rating means the rating by Xxxxx’x, Fitch or S&P that is set forth below under the applicable heading opposite the applicable “KBRA Rating” listed below. KBRA Rating Fitch Rating Xxxxx’x rating S&P rating AAA AAA Aaa AAA AA+ AA+ Aa1 AA+ AA AA Aa2 AA AA- AA- Aa3 AA- A+ A+ A1 A+ BBB+ BBB+ Baa1 BBB+ BBB BBB Baa2 BBB BBB- BBB- Baa3 BBB- BB+ BB+ Ba1 BB+ BB BB Ba2 BB BB- BB- Ba3 BB- B+ B+ B1 B+ B B B2 B B- B- B3 B- CCC+ CCC+ Caa1 CCC+ CCC CCC Caa2 CCC CCC- CCC- Caa3 CCC- CC CC Ca CC C C C C D DDD N/A D

Equivalent Rating means a senior unsecured long-term debt rating of an NRSRO, which rating is (i) requested by a Borrower as an alternative to a rating from S&P, (ii) acceptable to the Agent in its sole discretion, and (iii) equivalent to the Level I Rating, Level II Rating, Level III Rating or Level IV Rating, as the case may be, from S&P, as determined by the Agent, subject to the approval of the Required Banks.

Equivalent Rating means, with respect to any security of a given type that is not rated by S&P or Xxxxx’x (an “unrated security”), such unrated security has been determined, in the reasonable judgment of the Investment Adviser, to be of equal credit quality as a rated security of the same type which is valued similarly as such unrated security, after giving effect to clause (1) of the proviso contained in the defined term “Borrowing Base”.