Nationally Recognized Statistical Rating Organization definition

Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Rule 436 under the Securities Act.

Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act.

Nationally Recognized Statistical Rating Organization shall have the same meaning as used in Section 3(a)(62) of the Exchange Act.

Examples of Nationally Recognized Statistical Rating Organization in a sentence

• Each of the two facilities is diversified among 21 large commercial banks, all of which had an A- equivalent or higher rating by at least one Nationally Recognized Statistical Rating Organization ("NRSRO") as of December 31, 2023.

• Only one rating from a Nationally Recognized Statistical Rating Organization (“NRSRO”) is required.

• The SEC has interpreted "high quality short-term debt instruments" to mean any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Organization, or which is unrated but is of comparable quality.

• Credit Quality80% of the portfolio should be at least Investment Grade or higher as rated by a Nationally Recognized Statistical Rating Organization (NRSRO).

More Definitions of Nationally Recognized Statistical Rating Organization

Nationally Recognized Statistical Rating Organization means an organization that has been designated as a nationally recognized statistical rating organization by the Securities and Exchange Commission's Division of Market Regulation.

Nationally Recognized Statistical Rating Organization or “NRSRO” shall have the meaning as set forth in Securities Exchange Act of 1934, section 3(a)(62), 15 U.S.C. §78(a)(62).

Nationally Recognized Statistical Rating Organization or “NRSRO” means a rating organization designated from time to time by the SEC as being nationally recognized whose status has been confirmed by the SVO.

Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Rule 436 under the U.S. Securities Act.

Nationally Recognized Statistical Rating Organization means credit rating agencies that satisfy the requirements of 15 U.S.C. section 78(c)(62).

Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the U.S. Exchange Act.

Nationally Recognized Statistical Rating Organization means a nationally recognized statistical rating organization within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the 1934 Act.