Issuer Rating definition

Issuer Rating means, as of any date of determination, the long-term issuer credit rating as determined by either S&P or Xxxxx’x (collectively, the “Issuer Ratings”) of the Exhibit 4.1 Company. In the case of a split rating, the higher rating will apply (with Pricing Level 1 above being the highest and Pricing Level 7 above being the lowest), in the case of a multiple split rating, the rating that is one level lower than the higher rating will apply, and in the case of only one rating, such rating will apply. Effective as of the Closing Date, the Applicable Margin shall be based on Pricing Level 3. Thereafter, each change in the Applicable Margin resulting from a publicly announced change in the Issuer Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, at any time no Issuer Rating exists, the Applicable Margin shall be based on Pricing Level 7.
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Issuer Rating means, as of any date of determination, the corporate or issuer rating as determined by either S&P or Xxxxx’x of the Borrower.
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Issuer Rating means, as of any date of determination, the long-term issuer credit rating as determined by either S&P or Moody’s (collectively, the “Issuer Ratings”) of the Borrower. In the case of a split rating, the higher rating will apply (with Pricing Level 1 above being the highest and Pricing Level 5 above being the lowest), in the case of a multiple split rating, the rating that is one level lower than the higher rating will apply, and in the case of only one rating, such rating will apply. Effective as of the Closing Date, the Applicable Margin shall be based on Pricing Level 3. Thereafter, each change in the Applicable Margin resulting from a publicly announced change in the Issuer Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, at any time no Issuer Rating exists, the Applicable Margin shall be based on Pricing Level 5.
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Examples of Issuer Rating in a sentence

  • If the "credit enhancement of mortgage collateral" is insufficient for the above-mentioned level of "stress resilience of mortgage collateral", the rating for the JHF MBS will not be lower than the Issuer Rating for JHF, but the width of notching up (the extent by which JHF MBS' rating is above JHF's Issuer Rating) will be smaller.

  • Specifically, JHF MBS' rating could exceed JHF's Issuer Rating by 3 notches for the AAA level "stress resilience of mortgage collateral" and by 2 notches for the AA to A level "stress resilience of mortgage collateral".

  • Distance from the government (e.g. Importance under the government's policy)(a) Sufficient collateral with credit enhancement(b) The Corporate Rehabilitation Law does not apply; no major limit on asset disposal2) Deterioration in stress resilience of mortgage collateralThere is risk that as cases of default by obligors increase, "credit enhancement of mortgage collateral" will be less adequate and the width of notching up from JHF's Issuer Rating will be smaller.

  • Nevertheless, because sufficient overcollateralization has been set, and the Corporate Rehabilitation Law, which would greatly limit JHF’s ability to dispose of assets, does not apply, the rating for the JHF MBS may be higher than the Issuer Rating for JHF itself.

  • Because JHF is the issuer of the JHF MBS, any downgrade of JHF’s Issuer Rating (currently AAA; Rating Outlook: Negative) prior to the time when the beneficial interests are exercised could result in a downgrade of the rating for the JHF MBS.

  • Therefore, the rating of JHF MBS will have certain risk resilience even if the Issuer Rating of JHF deteriorates.

  • Even in this situation, the rating for the JHF MBS will not be lower than the Issuer Rating for JHF, but the width of a notch up (the extent by which the JHF MBS' rating is above JHF's Issuer Rating) will be smaller.

  • PartiesIssuer Vontobel Financial Products Ltd., DIFC Dubai (no rating)Guarantor Vontobel Holding AG, Zurich (Moody's Long Term Issuer Rating A2)Keep-Well Agreement With Bank Vontobel AG, Zurich (Moody's Long Term Deposit Rating: Aa3)Lead Manager Bank Vontobel AG, ZurichPaying and Calculation Agent Bank Vontobel AG, ZurichSupervision Bank Vontobel AG is authorized as a bank in Switzerland and is subject to prudential supervision by the Federal Financial Markets Regulator FINMA.

  • Even in this situation, however, R&I believes it is possible to notch up the rating for the JHF MBS, based on JHF’s Issuer Rating, if the level of credit enhancement for defaults satisfies the stress scenario required for an extremely high rating.

  • Nevertheless, because sufficient overcollateralization has been set, and the Corporate Rehabilitation Law, which would greatly limit JHFA’s ability to dispose of assets, does not apply, the rating for the JHFA MBS may be higher than the Issuer Rating for JHFA itself.


More Definitions of Issuer Rating

Issuer Rating means the rating assigned to the Company by S&P which is referenced as the "corporate credit rating" of the Company by S&P.
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Issuer Rating means the opinion of a particular Rating Agency of the ability of a Rated Person to honour senior unsecured financial obligations and contracts without taking into account any form of credit enhancements, with such opinion focusing on the capacity and willingness of such Rated Person to meet its financial commitments as they come due;
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Issuer Rating means, on the date of determination, the issuer/family ratings by S&P and Moody’s of Borrower. For purposes of the foregoing, if the Issuer Ratings established or deemed to have been established by Moody’s and S&P shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency, irrespective of when notice of such change shall have been furnished by Borrower to the Agents and the Lenders pursuant to Section 5.2(a)(ii) hereof or otherwise. If the rating system of Moody’s or S&P shall change, or if any such rating agency shall cease to be in the business of rating corporate debt obligations, Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Issuer Rating shall be determined by reference to the rating most recently in effect prior to such change or cessation.
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Issuer Rating means the credit rating of the issuer of an instrument or the counterparty of
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Issuer Rating means, as of any date of determination, the long-term issuer credit rating as determined by either S&P or Xxxxx'x (collectively, the "Issuer Ratings") of the Company. In the case of a split rating, the higher rating will apply (with Pricing Level 1 above being the highest and Pricing Level 7 above being the lowest), in the case of a multiple split rating, the rating that is one level lower than the higher rating will apply, and in the case of only one rating, such rating will apply. Initially, the Applicable Margin shall be based on Pricing Level 3. Thereafter, each change in the Applicable Margin resulting from a publicly announced change in the Issuer Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.
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Issuer Rating is defined as: • Xxxxx'x Issuer Rating • Standard & Poor’s LT Local Issuer Credit Rating • Xxxxx XX Issuer Default Rating BB&T’s Issuer Rating will be considered “investment grade” as long as two (2) of the three (3) rating agencies maintain an Issuer Rating for BB&T that is equal to or better than the following applicable rating: • Baa3 by Xxxxx'x • BBB- by Standard & Poor’s • BBB- by Fitch If any of the three (3) rating agencies named above (i.e., Xxxxx’x, Standard & Poor’s, and Fitch) should no longer qualify as a Nationally Recognized Statistical Rating Organization (“NRSRO”) then the Administrator may rely on the services of an additional NRSRO not listed above, that would generally be considered by the marketplace to be the next most significant provider of rating services for a financial services company of the size and complexity of BB&T. In the event that an individual rating agency, or all rating agencies as a whole, were to no longer provide an “Issuer Rating” the Administrator may use the most closely aligned equivalent rating category to the “Issuer Rating” (such as a senior debt rating) as the Issuer Rating for BB&T. and/or
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Related to Issuer Rating

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Other Rating Agency means each NRSRO, if any, other than Fitch then providing a rating for the VMTP Shares pursuant to the request of the Fund.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from S&P for debt securities of such type, then such indicative rating shall be used for determining the “S&P Rating”).

  • Note Rating Agency means, with respect to any Outstanding Series, Class or Tranche of Notes, each statistical note rating agency selected by the Issuer to rate such Notes.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Xxxxx’x and BBB- (or the equivalent) by S&P, or an equivalent rating by any other nationally recognized statistical rating agency selected by the Borrower.

  • Risk Rating means, with respect to any Loan at any time, if such Loan is at such time (i) rated by both S&P and Moody’s, the lower of such ratings, (ii) rated by either S&P or Moody’s, such rating or (iii) not rated by either S&P or Moody’s, the rating determined by the Servicer’s risk rating model.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Investment Grade Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, provided that no negative watch is placed on such rating.

  • Investment Grade Rating Event means the first day on which the Notes have an Investment Grade Rating from each Rating Agency, and no Default has occurred and is then continuing under this Indenture.

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Corporate Rating an opinion issued by S&P of an obligor’s overall financial capacity (its creditworthiness) to pay its financial obligations.

  • 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.

  • Rating Agency or Rating Agencies S&P, Xxxxx’x and Fitch or their successors. If such agencies or their successors are no longer in existence, “Rating Agencies” shall be such nationally recognized statistical rating agencies, or other comparable Persons, designated by the Depositor, notice of which designation shall be given to the Trustee and the Servicer.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Rating means the operating limits as specified by the component manufacturer.

  • Other Rating Agency Eligible Assets means assets of the Company designated by any Other Rating Agency as eligible for inclusion in calculating the Agency Discounted Value of the Company’s assets in connection with such Other Rating Agency’s rating of any series of MRP Shares.

  • Specified Rating Agencies means each of Moody’s, S&P and DBRS as long as, in each case, it has not ceased to rate the Notes or failed to make a rating of the Notes publicly available for reasons outside of the Issuer’s control; provided that if one or more of Moody’s, S&P or DBRS ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer’s control, the Issuer may select any other “designated rating organization” within the meaning of National Instrument 41-101 of the Canadian Securities Administrators as a replacement agency for such one or more of them, as the case may be.

  • Credit Rating Agency means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer’s ability to make debt payments.

  • Required Servicer Rating means, with respect to the Servicer, that the then short-term unsecured debt obligations of the Servicer are rated at least equal to P-1 by Moody's, and A-1 by Standard & Poor's.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Substitute Rating Agency means a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors of the Company).