Examples of Issuer Default Rating in a sentence
Unless otherwise specified, ratings or assessments are in respect of Senior Debt (or the Long-Term Issuer Default Rating in the case of Fitch) and Short-Term Debt (or the Short-Term Issuer Default Rating in the case of Fitch).
In May, Fitch Ratings upgraded Bendigo and Adelaide Banks Long-Term Issuer Default Rating (IDR) to A- from BBB+.
Counterparties will typically have a public credit rating which is investment grade (defined as S&P’s Long Term Foreign Issuer of BBB- or above, Moody’s Long Term Rating of Baa3 or above and Fitch Long Term Issuer Default Rating of BBB- or above).
This rating gives additional information, closely linked to the Support Rating, in that for each level of the Support Rating it identifies the minimum level which the Issuer Default Rating could reach if negative events were to occur.
Our Long-Term Foreign-Currency Issuer Default Rating (“IDR”) and senior unsecured rating are BBB+ according to Fitch.
When assigned to most issuers, it is used as a benchmark measure of probability of default and is formally described as an Issuer Default Rating (IDR).
Finally, on 14th October 2009, the agency Fitch Ratings confirmed its existing ratings with a Stable Outlook.At the beginning of 2010, Fitch published a revision of its rating method for hybrid instruments, which involved widening the scale of the notches applied to the reference rating, the Issuer Default Rating.
Identify the international long-term Issuer Default Rating of the financial institution (“Bank”).
The ratings provided are S&P’s Long-Term Local Issuer Credit Rating, Moody’s Long-Term Senior Unsecured Rating, and Fitch’s Long-Term Issuer Default Rating.
Long-term credit ratings are used as a benchmark measure of probability of default and are formally described as an Issuer Default Rating.