Shadow Rating definition

Shadow Rating means the rating of the Series 2005-2 Notes by Standard & Poor’s or Xxxxx’x, as applicable, without giving effect to the Surety Bond.

Shadow Rating means a credit rating (not being an issuer credit rating) assigned to the Appointee by any reputable financial institution or firm of accountants applying principles, methodology and standards that are analogous to and consistent with those adopted by reputable credit rating agencies.

Shadow Rating means the rating of the Series 2001-2 Notes by Standard & Poor's or Xxxxx'x, as applicable, without giving effect to the Surety Bond.

Examples of Shadow Rating in a sentence

• In October 2008, the TJPA received Fitch Ratings’ Shadow Rating letter providing their favorable preliminary rating.

• Notwithstanding the foregoing, it is understood and agreed that, so long as the Borrower, BCC and the Master Agent Servicer make a good faith effort to obtain a Minimum Shadow Rating in accordance with the provisions of this paragraph, the failure to obtain such Minimum Shadow Rating will not constitute an Event of Default hereunder.

• In furtherance of the foregoing and thereafter from time to time as may be necessary, each of the Borrower, BCC and the Master Agent Servicer shall (A) cooperate with each applicable rating agency in connection with any review of the Related Documents which may be undertaken by such rating agency and (B) provide each rating agency with such information or access to such information as they may reasonably request in connection with any future review of the Minimum Shadow Rating.

• Shadow Rating Approach – if it is determined that the Bank internal data does not provide a sufficient default history (for example, so called ‘low default portfolios’), then Standard Chartered Bank Group or the Bank develops models which are designed to be comparable to the ranking of issuer ratings assigned by established external credit assessment institutions where those agencies having access to large databases of defaults over a long time period on a variety of credit obligations.

• No Series of Notes shall be issued under this Master Agreement unless (i) such Notes have been authorized pursuant to a Series Supplement, (ii) all conditions precedent to the issuance thereof, as specified in the related Series Supplement, shall have been satisfied and (iii) confirmation is obtained from the Rating Agencies that such issuance will not result in a change in any Facility Shadow Rating.

More Definitions of Shadow Rating

Shadow Rating means a metric developed by the Company to assess the creditworthiness of a tenant based on a review of corporate level financial information and assessment of business risks. A shadow rating does not constitute a published credit rating and lacks the extensive company participation that is typically involved when a rating agency publishes a rating and, accordingly, may not be as indicative of creditworthiness as a rating published by Moody’s, S&P, or another nationally recognized statistical rating organization;

Shadow Rating means the rating of the Class A Notes by Standard & Poor’s or Moody’s, as applicable, without giving effect to the Insurance Policy.

Shadow Rating means the rating of the Class A Notes by Standard & Poor’s or Xxxxx’x, as applicable, without giving effect to the Insurance Policy.

Shadow Rating means the underlying rating for the time being assigned to the Wrapped Notes of the Issuer without taking account of the benefit of the Financial Guarantee;

Shadow Rating means the rating of the Series 2004-1 Notes without giving effect to the Insurance Policy.

Shadow Rating means the rating of the Series 2006-1 Notes by Standard & Poor’s or Moody’s, as applicable, without giving effect to the Surety Bond.

Shadow Rating means rating of the Notes at investment grade by the Rating Agencies, without giving effect to the Policy.