Rating Notch definition
Rating Notch means the difference between one Rating and the Rating immediately below it, for example, from “BB+” to “BB” by the Rating Agency or such similar lower or equivalent Rating.
Rating Notch means the difference between a particular rating assigned by a Rating Agency and the next lower or, as the case may be, next higher rating that could be assigned by such Rating Agency. For example, in the case of Moody' s the difference between Baa1 and Baa2 shall constitute one Rating Notch and in the case of S&P the difference between BBB+ and BBB shall constitute one Rating Notch.
Rating Notch means, in respect of each credit quality step, the additional subcategories (if relevant) which differentiate the relative credit quality of assets within that credit quality step.
More Definitions of Rating Notch
Rating Notch means the difference between a particular rating assigned by a Rating Agency and its next higher or lower rating, provided that, in circumstances where a rating is assigned by more than one Rating Agency, an increase or, as the case may be, decrease of the rating to respectively the next higher or lower rating by two or more Rating Agencies during the same Interest Period shall constitute one rating notch only.