Examples of Moody’s Recovery Rate in a sentence
Moody’s Recovery Rate “Moody’s Recovery Rate” means, with respect to a Defaulted Reference Obligation, the relevant figure (expressed as a percentage) determined by the Calculation Agent in accordance with Moody’s methodology in effect from time to time using the table set out in Schedule 1 hereto.
The “Weighted Average Moody’s Recovery Rate” is, as of any date of determination, the number, expressed as a percentage, obtained by summing the product of the Moody’s Recovery Rate on such Measurement Date of each Collateral Obligation and the principal balance of such Collateral Obligation, dividing such sum by the aggregate principal balance of all such Collateral Obligations and rounding up to the first decimal place.
The “Minimum Weighted Average Moody’s Recovery Rate Test” will be satisfied on any date of determination if the Weighted Average Moody’s Recovery Rate equals or exceeds 44.0%.
It is in this connection that we have been requested by the Company, for its internal purposes pursuant to the provisions of the Act read with the Rules, to carry out a valuation of the equity shares, on a going concern basis, as at 30thSeptember 2015, being the valuation date, to determine the minimum price of the equity shares for the purpose of the Proposed Issue and provide a report thereon to the Board of Directors of the Company.
Credit Assumptions: Moody’s Recovery Rate Table 48INTRODUCTIONMacroprudential Implications of a Liquidity Stress Beginning mid‐year 2017, the NAIC embarked on a project to develop a liquidity stress testing framework.