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”).
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Related to IG Rated

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Compounded Reference Rate means, in relation to any RFR Banking Day during the Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the Daily Non-Cumulative Compounded RFR Rate for that RFR Banking Day.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on April 1, 2022 and ending on and including June 30, 2022, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and