R&I Rating definition

R&I Rating means a Reference Entity’s issuer rating assigned by R&I, provided that (i) if such Reference Entity is on the public watch list for downgrade, the rating shall be one sub-category below the current issuer rating of such Reference Entity assigned by R&I; and (ii) if such Reference Entity is on the public watch list for upgrade, the rating shall be
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Related to R&I Rating

  • ▇▇▇▇▇’▇ Rating means, at any time, the rating issued by ▇▇▇▇▇’▇ and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

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

  • 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 debt securities without third-party credit enhancement.

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

  • Index Debt Rating means the S&P Rating, the ▇▇▇▇▇’▇ Rating and the Fitch Rating.