Investment Grade Credit Rating definition

Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.
Investment Grade Credit Rating means a rating of “BBB” or better from Standard and Poor’s, a division of McGraw-Hill Companies, Inc., or a rating of “Baa3” or better from Moody’s Investor Services.
Investment Grade Credit Rating means with respect to any Person, a rating of the long-term unsecured debt securities of such Person (or if such rating is unavailable, issuer rating) equal to or higher than (1) “BBB-” (or the equivalent) with a stable or better outlook by Standard & Poor’s Financial Services LLC, or (2) “Baa3” (or the equivalent) with a stable or better outlook by Xxxxx’x Corporation; provided, that if such Person has a rating from both Standard & Poor’s Financing Services LLC and Xxxxx’x Corporation, then the applicable rating shall be deemed to be the lower of the two.

Examples of Investment Grade Credit Rating in a sentence

  • A Customer requesting either (a) short term firm transportation service with a primary term of one (1) year or less, (b) long-term firm transportation service with a primary term of more than one (1) year or (c) or interruptible service of any term must: (i) demonstrate that the Customer or (if applicable) Customer’s Guarantor has an Investment Grade Credit Rating.

  • Provided, however, that Customer or (if applicable) Customer's Guarantor must demonstrate a creditworthiness equivalent to an Investment Grade Credit Rating.


More Definitions of Investment Grade Credit Rating

Investment Grade Credit Rating means receipt of at least two Debt Ratings of Baa3 or better from Moody’s or BBB- or better from S&P or Fitch.
Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.
Investment Grade Credit Rating means, with respect to the Borrower, a Credit Rating of at least BBB- by S&P, Baa3 by Moody’s or BBB- by Fitch, and such rating shall not be accompanied by (a) in the case of S&P, a negative outlook, creditwatch negative or the equivalent thereof, (b) in the case of Moody’s, a negative outlook, a review for possible downgrade or the equivalent thereof or (c) in the case of Fitch, a negative watch or the equivalent thereof.
Investment Grade Credit Rating means, as of any date of determination, that at least 2 Rating Agencies have as of that date issued credit ratings for Borrower’s non-credit-enhanced long-term senior unsecured debt of (a) at least BBB- in the case of S&P, (b) at least Baa3 in the case of Moody’s, and (c) at least BBB in the case of Fitch.
Investment Grade Credit Rating means receipt of two Debt Ratings of BBB- or higher by S&P or Fitch, or Baa3 or higher by Xxxxx’x.
Investment Grade Credit Rating means the rating assigned to the senior unsecured debt of the Issuer by any Rating Agency that is Baa3, BBB- or its equivalent for the time being or better.
Investment Grade Credit Rating means, with respect to any Person, having a rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by S&P.