Nationally Recognized Statistical Rating Organizations definition

Nationally Recognized Statistical Rating Organizations or “NRSRO” means the Security and Exchange Commission’s designation as a nationally recognized statistical rating organization. As of October 1, 2005, there are four NRSRO’s: Dominion Bond Rating Service Ltd., Fitch, Inc., Xxxxx’x Investors Service, and Standard & Poor’s Division of the McGraw Hill Companies Inc.
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Nationally Recognized Statistical Rating Organizations means a rating agency approved by the United States Securities and Exchange Commission to issue credit ratings for financial and other transactions, including Standard & Poor’s, and Xxxxx’x Investment Services.
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Nationally Recognized Statistical Rating Organizations means Fitch Ratings, Inc., Mxxxx’x Investors Service, Inc. or Standard & Poor’s.
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Examples of Nationally Recognized Statistical Rating Organizations in a sentence

  • All contract issuers and securities utilized in the portfolio are rated investment grade by one of the Nationally Recognized Statistical Rating Organizations at time of purchase.

  • It is not intended to be, and should not be, used by any other person or entity, including investors and Nationally Recognized Statistical Rating Organizations, who are not identified in the report as specified parties but who may have access to this report as required by law or regulation.

  • Moody’s, S&P, Fitch and other organizations, together known as Nationally Recognized Statistical Rating Organizations (“NRSROs”), provide ratings of the credit quality of debt obligations, including convertible securities.

  • A six-step process is used to determine Unsecured Credit Limits for Market Participants that are Rated Public/Private Corporations, Unrated Public/Private Corporations, and Rated Governmental Entities.Step 1 – If the Market Participant has a credit rating(s) from one or more of the Nationally Recognized Statistical Rating Organizations, verify the rating(s) with the appropriate organization.

  • Due Diligence Requirements During the recent financial crisis, it became apparent that many banking organizations relied exclusively on ratings issued by Nationally Recognized Statistical Rating Organizations (NRSROs) and did not perform internal credit analysis of their securitization exposures.

  • It is not intended to be and should not be used by any other person or entity, including investors and Nationally Recognized Statistical Rating Organizations, who are not identified in the report as specified parties but who may have access to this report as required by law or regulation.

  • Only credit ratings of Nationally Recognized Statistical Rating Organizations (“NRSRO”) will be observed and considered, including Standard & Poor’s, Moody’s Investor Service, and Fitch Ratings Service.

  • The Board established SIF investment guidelines with maximum exposure limits by security type based on the minimum credit ratings as issued by Nationally Recognized Statistical Rating Organizations (NRSROs).

  • U.S., Securities and Exchange Commission, Proposed Rules for Nationally Recognized Statistical Rating Organizations, Release No. 34–59342; File No. S7–13–08, Federal Register, vol.

  • Both the policy and the Agency’s debt agreements generally require that all securities must be issued by companies with a long-term debt rating of at least “A” by two of the Nationally Recognized Statistical Rating Organizations (NRSRO) or at least “AA” by one NRSRO.


More Definitions of Nationally Recognized Statistical Rating Organizations

Nationally Recognized Statistical Rating Organizations or “NRSRO” means the Security and Exchange Commission’s designation as a nationally recognized statistical rating organization. As of October 1, 2004, there are four NRSRO’s: Dominion Bond Rating Service Ltd., Fitch, Inc., Moody’s Investors Service, and Standard & Poor’s Division of the McGraw Hill Companies Inc.
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Nationally Recognized Statistical Rating Organizations means Duff & Xxxxxx Credit Rating Co., Xxxxx’x Investors Service, Inc. or Standard & Poor’s. “Obligations” shall have the meanings assigned to such term in the Pledge Agreement. “Responsible Officer” shall mean any officer of the Trustee with direct responsibility for the administration of the relevant portion of this Agreement. SECTION 2.
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Nationally Recognized Statistical Rating Organizations or “NRSRO” means the Security and Exchange Commission’s designation as a nationally recognized statistical rating organization. As of October 1, 2005, there are four
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Nationally Recognized Statistical Rating Organizations or “NRSRO” means the Security and Exchange Commission’s designation as a nationally recognized statistical rating organization. As of September 15, 2008, there are five NRSROs: A.M. Best Company, Inc., Dominion Bond Rating Service Limited, Fitch, Inc., Moody’s Investors Service Inc., and Standard & Poor’s Division of the McGraw Hill Companies, Inc.
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Nationally Recognized Statistical Rating Organizations means Duff & Xxxxxx Credit Rating Co., Xxxxx’x Investors Service, Inc. or Standard & Poor’s.
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Nationally Recognized Statistical Rating Organizations or “NRSRO” means the Security and Exchange
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Related to Nationally Recognized Statistical Rating Organizations

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

  • Nationally Recognized Rating Agency means any nationally recognized statistical rating organization identified as such by the Securities and Exchange Commission.

  • Nationally recognized testing laboratory means any testing laboratory recognized by the accreditation program of the U.S. department of labor occupational safety and health administration.

  • 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.

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

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • Moody s” means Moody’s Investors Service, Inc.

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.

  • 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 means only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Investment Grade Securities means:

  • Clearing Organization means (a) The Depository Trust Company, or, if agreed to by Borrower and Lender, such other “securities intermediary” (within the meaning of the UCC) at which Borrower (or Borrower’s agent) and Lender (or Lender’s agent) maintain accounts, or (b) a Federal Reserve Bank, to the extent that it maintains a book-entry system.

  • Aa3 by Moody's or are rated "Aa3" by Moody's and such rating is on watch for possible downgrade (but only for so long as it is on watch for possible downgrade), or (C) either (i) the unsecured, short-term debt obligations of Party A (or its Credit Support Provider) are rated below "A-1" by S&P or (ii) if Party A (or its Credit Support Provider) does not have a short-term rating from S&P, the unsecured, long-term senior debt obligations of Party A (or its Credit Support Provider) are rated below "A+" by S&P (such event, a "Collateralization Event"), then, Party A, at its own cost and subject to the Rating Agency Condition, shall within 30 days either (i) cause another entity to replace Party A as party to this Agreement that satisfies the Swap Counterparty Ratings Requirement and that is approved by the Trustee (which approval shall not be unreasonably withheld) on terms substantially similar to this Agreement; (ii) obtain a guaranty of, or a contingent agreement of another person that satisfies the Swap Counterparty Ratings Requirement, to honor Party A's obligations under this Agreement, provided that such other person is approved by the Trustee such approval not to be unreasonably withheld; (iii) post collateral in accordance with a Credit Support Annex which satisfies the Rating Agency Condition; or (iv) establish any other arrangement satisfactory to the applicable Swap Rating Agency which will be sufficient to restore the immediately prior ratings of the Swap Certificates (determined without regard to any financial guaranty insurance policy, if applicable). All collateral posted by Party A shall be returned to Party A immediately upon Party A securing a substitute counterparty that satisfies the Swap Counterparty Ratings Requirement.

  • Converting organization means an organization that

  • Public Debt Rating means, as of any date, the rating that has been most recently announced by any of S&P or Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by TMCC or, if any such rating agency shall have issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage shall be determined by reference to the available rating; (b) if neither of S&P or Moody’s shall have in effect a Public Debt Rating, the Applicable Maximum Rate and the Applicable Percentage will be set in accordance with Level 4 under the definitions of “Applicable Maximum Rate” and “Applicable Percentage”; (c) if both S&P and Moody’s have established ratings and those ratings shall fall within two different levels, the Applicable Maximum Rate and the Applicable Percentage shall be based upon the higher rating, unless the lower rating is more than one level below the higher rating, in which case the Applicable Maximum Rate and the Applicable Percentage shall be based upon the rating that is one level lower than the higher rating; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis or system on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be.

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Standard & Poor’s means Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. and any successor thereto.

  • Fitch means Fitch Ratings, Inc.

  • 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.

  • approved rating means, for a security, a rating at or above one of the following rating categories issued by an approved rating organization for the security or a rating category that replaces a category listed below:

  • 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.

  • Sponsoring organization means any organization that establishes,

  • 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”).

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