Issuer credit rating definition

Issuer credit rating means a credit rating assigned to an issuer of corporate debt by a Credit Rating Agency;

Issuer credit rating means a credit rating assigned to an issuer of corporate debt by Standard and Poor’s Rating Group (or any of its subsidiaries), by Moody’s Investors Services Incorporated (or any of its subsidiaries) or by Fitch Ratings Limited, or any other reputable credit rating agency which has comparable standing in the United Kingdom and the United States of America.

Issuer credit rating means, either:

Examples of Issuer credit rating in a sentence

• Ginnie Mae reserves the right to request new primary servicer or Issuer credit ratings at any time once an Issuer exceeds the Ginnie Mae Single-Family Servicing Portfolio thresholds outlined in this Subsection 5 ($25, $50 and $75 billion), except that, Ginnie Mae shall not require more than one primary servicer rating or more than two Issuer credit ratings within an 18-month period, beginning on the date that Ginnie Mae receives the primary servicer rating or Issuer credit rating report, as applicable.

• In addition to the primary servicer rating outlined above, Issuers with a “Ginnie Mae Single-Family Servicing Portfolio” that exceeds $50,000,000,000 ($50 billion) will be required to obtain an Issuer credit rating from a “Nationally Recognized Statistical Rating Organization” as defined by Section 78c(a) of Title 15 of the United States Code (15 U.S.C. 78c(a)).

• An S&P Long-Term Local Issuer credit rating for Seller or Seller Parent Guarantor of BBB- or better and a Moody’s Issuer rating or Moody’s Sr. Unsecured Debt rating for Seller or Seller Parent Guarantor of Baa3 or better will be considered “Acceptable.” The CET may conclude in its sole discretion that the credit quality of Seller or Seller Parent Guarantor is “Acceptable” even though the minimum S&P and Moody’s criteria needed to ensure an “Acceptable” designation has not been satisfied.

• The Licensee shall use all reasonable endeavours to ensure that it, or any affiliate as issuer of corporate debt on its behalf, maintains at all times an Issuer credit rating which is an Investment grade rating.

• Issuer credit rating Rating: A+Legacy senior debt(1) Rating: A+Issuer credit ratings are a forward-looking opinion about an obligor's overall creditworthiness.

More Definitions of Issuer credit rating

Issuer credit rating means a credit rating assigned to an issuer of corporate debt by Standard and Poor's Rating Group (or any of its subsidiaries), by Moody's Investors Services Incorporated (or any of its subsidiaries) or by Fitch Ratings Limited, or any other reputable credit-rating agency which has comparable standing in the United Kingdom and the United States of America. 7 Basis of allocations and apportionments 7.1 The analyses of operating costs and tangible fixed assets prepared under sub- paragraphs 5.1(1), 5.1(3) and 5.2 shall give a description of the bases of any apportionments or allocations of costs and assets and shall be prepared in accordance with any guidelines which may be issued from time to time by the Director [Water Services Regulation Authority] under sub-paragraph 7.3. 7.2 Accounting statements prepared under paragraph 4 and, where relevant, the description of transactions prepared under paragraph 6 shall:

Issuer credit rating means a credit rating assigned to an issuer of corporate debt by Standard and Poor's Rating Group (or any of its subsidiaries), by Moody's Investors Services Incorporated (or any of its subsidiaries) or by Fitch Ratings Limited, or any other reputable credit rating agency which has comparable standing in the United Kingdom and the United States of America. I32. Except with the prior consent of Ofwat, the Appointee shall not transfer, lease, license or lend any sum or sums, asset, right or benefit to any Associated Company of the Appointee if: I32.1 the Appointee does not hold an Issuer credit rating that is an Investment grade rating;I32.2 where the Appointee holds more than one Issuer credit rating, one or more of the ratings so held is not an Investment grade rating; or I32.3 any Issuer credit rating held by the Appointee is BBB- by Standard & Poor's Ratings Group or Fitch Ratings Ltd or Baa3 by Moody's Investors Service, Inc. (or such higher Issuer credit rating as may be specified by any of these credit rating agencies from time to time as the lowest Investment grade rating), or is an equivalent rating from another credit rating agency that has been notified to the Appointee by Ofwat as of comparable standing for the purposes of paragraph I30 and: I32.3.1 is on review for possible downgrade; or I32.3.2 is on "Credit Watch" or "Rating Watch" with a negative designation; or, where neither I32.3.1 nor I32.3.2 applies:I32.3.3 the rating outlook of the Appointee as specified by any credit rating agency referred to in paragraph I32.3 above which at the relevant time has assigned the lower or lowest Issuer credit rating that is an Investment grade rating held by the Appointee has been changed from stable or positive to negative. I33. Where any of paragraphs I32.1, I32.2 or I32.3 apply the exceptions are: I33.1 payment properly due for any goods, services or assets in relation to commitments entered into prior to the date on which the circumstances described in paragraph I32 arise, and which are provided on an arm's length basis and on normal commercial terms; I33.2 a transfer, lease, licence or loan of any sum or sums, asset, right or benefit on an arm's length basis, on normal commercial terms and where the value of the consideration due in respect of the transaction in question is payable wholly in cash and is paid in full when the transaction is entered into. For the avoidanceof doubt this exception does not include a dividend or other distribution out of ...

Issuer credit rating means a credit rating assigned to an issuer of corporate debt by Standard and Poor's Rating Group (or any of its subsidiaries), by Moody's Investors Services Incorporated (or any of its subsidiaries) or by Fitch Ratings Limited, or any other reputable credit rating agency which has comparable standing in the United Kingdom and the United States of America. 6A.7 (1) Except with the prior consent of the Water Services Regulation Authority, the Appointee shall not transfer, lease, license or lend any sum or sums, asset, right or benefit to any Associated Company of the Appointee if:

Issuer credit rating has the meaning given in paragraph 2 of Standard Special Condition A38 (Credit Rating of the Licensee).

Issuer credit rating means in relation to any person the credit rating of its unsecured and unsubordinated long term debt.

Issuer credit rating means, (a) for so long as the Appointee is a member of the corporate group that has been assigned a Corporate Family Rating by a Credit Rating Agency, such Corporate Family Rating; or (b), where the Appointee is not a member of a corporate group that has been assigned such a Corporate Family Rating, the credit rating assigned by a Credit Rating Agency to the debt ranked as senior issued or guaranteed (as the case may be) by the Appointee.

Issuer credit rating means the implied senior most credit rating of the Company, which: