High Yield Municipal Bonds definition

High Yield Municipal Bonds means (a) with respect to Moody's (1) Municipal Bonds rated Ba1 to B3 by Moody's, (2) Municipal Bonds not rated by Moody's, but rated BB+ to B- by S&P or Fitch, and (3) Municipal Bonds not explicitly rated by Moody's, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody's reviews and achieves sufficient comfort with the Adviser's internal credit rating processes, and (b) with respect to S&P (1) Municipal Bonds not rated by S&P but rated equivalent to BBB+ or lower by another NRSRO and (2) Municipal Bonds rated BB+ or lower by S&P.
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High Yield Municipal Bonds means (a) with respect to Moody’s (1) Municipal Bonds rated Ba1 to B3 by Moody’s, (2) Municipal Bonds not rated by Moody’s, but rated BB+ to B- by S&P or Fitch, and (3) Municipal Bonds not explicitly rated by Moody’s, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody’s reviews and achieves sufficient comfort with the Adviser’s internal credit rating processes, and (b) with respect to S&P (1) Municipal Bonds not rated by S&P but rated equivalent to BBB+ or lower by another NRSRO and (2) Municipal Bonds rated BB+ or lower by S&P.
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High Yield Municipal Bonds means (a) with respect to Moody’s (1) New Jersey Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody’s, (2) New Jersey Municipal Bonds and Municipal Bonds not rated by Moody’s, but rated BB+ to B- by S&P or Fitch, and (3) New Jersey Municipal Bonds and Municipal Bonds not explicitly rated by Moody’s, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody’s reviews and achieves sufficient comfort with the Adviser’s internal credit rating processes, and (b) with respect to S&P (1) New Jersey Municipal Bonds not rated by S&P but rated equivalent to BBB+ or lower by another NRSRO and (2) New Jersey Municipal Bonds rated BB+ or lower by S&P.
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Examples of High Yield Municipal Bonds in a sentence

  • High Yield Municipal Bonds may comprise no more than 20% of Moody's Eligible Assets.

  • Unless conclusions regarding liquidity risk as well as estimates of both the probability and severity of default for the Corporation's assets can be derived from other sources as well as combined with a number of sources as presented by the Corporation to Moody's, unrated High Yield Municipal Bonds which are rated at least the equivalent of B3 by the Adviser internally are limited to 10% of Moody's Eligible Assets.

  • High Yield Municipal Bonds may comprise no more than 20% of Moody’s Eligible Assets.

  • Unless conclusions regarding liquidity risk as well as estimates of both the probability and severity of default for the Corporation’s assets can be derived from other sources as well as combined with a number of sources as presented by the Corporation to Moody’s, unrated High Yield Municipal Bonds which are rated at least the equivalent of B3 by the Adviser internally are limited to 10% of Moody’s Eligible Assets.

  • Unless conclusions regarding liquidity risk as well as estimates of both the probability and severity of default for the Trust's assets can be derived from other sources as well as combined with a number of sources as presented by the Trust to Moody's, unrated High Yield Municipal Bonds which are rated at least the equivalent of B3 by the Adviser internally are limited to 10% of Moody's Eligible Assets.


More Definitions of High Yield Municipal Bonds

High Yield Municipal Bonds means (a) with respect to Moody's (1) California Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody's, (2) California Municipal Bonds and Municipal Bonds not rated by Moody's, but rated BB+ to B- by S&P or Fitch, and (3)
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High Yield Municipal Bonds means (a) with respect to Moody's (1) New York Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody's, (2) New York Municipal Bonds and Municipal Bonds not rated by Moody's, but rated BB+ to B- by S&P or Fitch, and (3) New York Municipal Bonds and Municipal Bonds not explicitly rated by Moody's, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody's reviews and achieves sufficient comfort with the Adviser's internal credit rating processes, and (b) with respect to S&P (1) New York Municipal Bonds not rated by S&P but rated equivalent to BBB+ or lower by another NRSRO and (2) New York Municipal Bonds rated BB+ or lower by S&P.
Sample 1
High Yield Municipal Bonds means (a) with respect to Moody's (1) Pennsylvania Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody's, (2) Pennsylvania Municipal Bonds and Municipal Bonds not rated by Moody's, but rated BB+ to B- by S&P or Fitch, and (3) Pennsylvania Municipal Bonds and Municipal Bonds not explicitly rated by Moody's, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody's reviews and achieves sufficient comfort with the Adviser's internal credit rating processes, and (b) with respect to S&P (1) Pennsylvania Municipal Bonds not rated by S&P but rated equivalent to BBB+ or lower by another NRSRO and (2) Pennsylvania Municipal Bonds rated BB+ or lower by S&P.
Sample 1
High Yield Municipal Bonds means (a) with respect to Moody's (1) Municipal Bonds rated Ba1 or lower by Moody's, (2) Municipal Bonds not rated by Moody's, but rated BB+ or lower by S&P or Fitch, and (3) Municipal Bonds not explicitly rated by Moody's, S&P or Fitch, and (b) with respect to S&P (1) Municipal Bonds not rated by S&P but rated equivalent to BBB or lower by another NRSRO, (2) Municipal Bonds rated BB+ or lower by S&P, and (3) Municipal Bonds not explicitly rated by S&P or another NRSRO.
Sample 1
High Yield Municipal Bonds means (a) with respect to Moody's (1) New Jersey Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody's, (2) New Jersey Municipal Bonds and Municipal Bonds not rated by Moody's, but rated BB+ to B- by S&P or Fitch, and (3) New Jersey Municipal Bonds and Municipal Bonds not explicitly rated by Moody's, S&P or Fitch, but rated at least the equivalent of B3 internally by the Adviser, provided that Moody's reviews and achieves sufficient comfort with the Adviser's internal credit rating processes, and (b) with respect to S&P (1) New Jersey Municipal Bonds not rated by S&P but rated equivalent to
Sample 1
High Yield Municipal Bonds means (a) with respect to Moody's (1) California Municipal Bonds and Municipal Bonds rated Ba1 to B3 by Moody's, (2) California Municipal
Sample 1
High Yield Municipal Bonds means (a) with respect to Moody's (1) New York Municipal Bonds rated Ba1 to B3 by Moody's, (2) New York Municipal Bonds not rated by Moody's, but rated BBB-, BBB, or BBB+ by S&P, and (3) New York Municipal Bonds not explicitly rated by Moody's or S&P, but rated at least the equivalent of B internally by the Adviser, provided that Moody's reviews and achieves sufficient comfort with the Adviser's internal credit rating processes, and (b) with respect to S&P (1) New York Municipal Bonds and Municipal Bonds not rated by S&P but rated
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