IG Rated definition
IG Rated means a security which is rated at least BBB- by Standard & Poor’s Inc., a division of The McGraw-Hill Companies, Inc., or any successor to its ratings business (“S&P”) or at least Baa3 by Moody’s Investors Service Ltd, or any successor to its ratings business (“Moody’s”) or at least BBB- by Fitch Ratings Limited, or any successor to its ratings business (“Fitch”) or at least BBB (low) by DBRS Ratings Limited, or any successor to its ratings business (“DBRS”).