Prescribed Ratings definition
Prescribed Ratings means a short term credit rating of A-1+ by S&P or a long term credit rating of AA- by S&P and long term credit ratings of AA- by Fitch and A2 by ▇▇▇▇▇'▇.
Prescribed Ratings means a short term credit rating of A-1+ by S&P or a long term credit rating of AA- by S&P, and a long term credit rating of A2 by ▇▇▇▇▇'▇ and a short term credit rating of P-1 by ▇▇▇▇▇'▇.
Prescribed Ratings means a short term credit rating of A-1+ by S&P or a long term credit rating of AA- by S&P and long term credit ratings of AA- by Fitch and A2 by Moody's.
Examples of Prescribed Ratings in a sentence
Party A must calculate the ▇▇▇▇-to-market value of the Transaction by obtaining 2 bids from counterparties, with at least the Prescribed Ratings in relation to the Transaction, willing to provide the Transaction in the absence of Party A.
More Definitions of Prescribed Ratings
Prescribed Ratings in relation to a Transaction means a long term rating of A2 or higher by Moody's (if ▇▇▇▇▇'▇ is a Current Rating Authority in relation to the Transaction), a short term rating of F-1 + by Fitch (if Fitch is a Current Rating Authority in relation to the Transaction) and either a long term rating of AA- or a short term rating of A-1+ by S&P (if S&P is a Current Rating Authority in relation to the Transaction).