Equivalent Rating definition

Equivalent Rating as defined in the definition of “Applicable Margin”.
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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;
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Equivalent Rating means an equivalent rating as determined by the Relevant Rating Agency.
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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.

  • 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.

  • Step 2 –Obtain the Market Participant’s Moody’s KMV Equivalent Rating.

  • 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.

  • 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 one hundred percent (100%) of the Moody’s Analytics 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 Analytics Equivalent Rating, if reasonably applicable.

  • CONTACT PERSONS: Councilmember Linda Maio Council District 1 (510) 981-7110Councilmember Gordon Wozniak Council District 8 (510) 981-7180Councilmember Laurie Capitelli Council District 5 (510) 981-7150 2180 Milvia Street, Berkeley, CA 94704 Tel: 510.981.7110 TDD: 510.981.6903 Fax: 510.981.7199E-mail: lmaio@ci.berkeley.ca.us RESOLUTION NO.


More Definitions of Equivalent Rating

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

  • Moody’s means Xxxxx’x Investors Service, Inc.

  • approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:

  • Moody s” means Moody’s Investors Service, Inc.

  • 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.

  • Debt Rating means, as of any date of determination, the rating as determined by either S&P or Xxxxx’x (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior unsecured long-term debt; provided that if a Debt Rating is issued by each of the foregoing rating agencies, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level I being the highest and the Debt Rating for Pricing Level V being the lowest), unless there is a split in Debt Ratings of more than one level, in which case the Pricing Level that is one level higher than the Pricing Level of the lower Debt Rating shall apply. Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in the certificate delivered pursuant to Section 4.01(a)(vii). Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of notice thereof pursuant to Section 6.03(e) and ending on the date immediately preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. For purposes of the foregoing, (a) if no Debt Rating shall be available, such rating agencies shall be deemed to have established a Debt Rating which is one rating grade higher than the subordinated debt rating grade of the Borrower, (b) if no Debt Rating or subordinated debt rating grade shall be available, the Applicable Rate shall be as set forth in Pricing Level V.

  • Risk Rating means, with respect to any Loan at any time, if such Loan is at such time (i) rated by both S&P and Moody’s, the lower of such ratings, (ii) rated by either S&P or Moody’s, such rating or (iii) not rated by either S&P or Moody’s, the rating determined by the Servicer’s risk rating model.