Issuer Default Rating definition

Issuer Default Rating is lower than F1 by Fitch, the Servicer shall use reasonable endeavours to ensure that the Title Deeds (and the Customer Files) are located separately from the title deeds and customer files of other properties and mortgages which do not form part of the Portfolio.
Sample 1Sample 2Sample 3
Issuer Default Rating means the long term issuer credit rating as used by Fitch in its rating methodology. "Issuer Event of Default" means any one of the circumstances described in Condition 10(a) (Issuer Events of Default).
Sample 1

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.

Related to Issuer Default Rating

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Default Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that became Defaulted Receivables during such month, by (b) the aggregate credit sales made by the Originator during the month that is three calendar months before such month.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate amount of Receivables originated by the Originators during the four Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date.