Examples of Rating Service in a sentence
In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a) Domin- ion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.
In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Forward Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a) Dominion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.
In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a)Dominion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.
Such approval may be denied or withheld based upon an insurance company’s rating by the Rating Service (as defined herein) or other indications of financial inadequacy, as determined in the sole discretion of RIAC.
The insurance company issuing the bond must have a policyholders rating of A Plus and a financial rating of Class X per Best’s Rating Service.