Specified Ratings definition

Specified Ratings the corporate credit rating assigned by ▇▇▇▇▇’▇ and the corporate issuer rating assigned by S&P, in each case, with respect to the Borrower. In the event that either ▇▇▇▇▇’▇ or S&P places the Borrower’s corporate credit rating on “Watchlist” for a possible downgrade in the case of ▇▇▇▇▇’▇ or the Borrowers’ corporate issuer rating on “CreditWatch” with negative implications in the case of S&P (or, in each case, any successor, replacement or analogous list) the Specified Rating from such rating agency shall be the next lower rating below the then corporate credit rating or the corporate issuer rating, as the case may be, of the Borrower assigned by such rating agency.
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Specified Ratings means a “corporate credit rating”, in the case of S&P, or a “corporate family rating”, in the case of Moody’s, of the Borrower (or, in each case, such other terms as S&P or Moody’s may from time to time use to describe the Borrower’s senior unsecured non-credit enhanced long term indebtedness) of at least BBB- by S&P and at least Baa3 by Moody’s, in each case with stable outlook.
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Specified Ratings means (A) long term unsecured debt or long term certificate of deposit ratings of at least Aa3 by Moody's and at least AA- by Fitch and (B) a short term unsecured debt or short term certificate of deposit rating of A-1+ by S&P.
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Examples of Specified Ratings in a sentence

  • Accordingly, the Issuer will be required to deposit and, for so long as the Issuer continues to not have the Fitch Specified Ratings and/or the Moody's Specified Rating, maintain the Reserve Fund Required Amount in the GIC Account.

  • As at the date of this Prospectus, the Issuer does not have the Fitch Specified Ratings or the Moody's Specified Rating.

  • Notwithstanding the foregoing, however, if the senior unsecured rating from either S&P or Fitch (each, a “Specified Ratings Agency”) is BBB- or better and at such time the senior unsecured rating from the other Specified Ratings Agency is not lower than BB+, the senior unsecured rating from Moody’s shall no longer be applicable for purposes of determining pricing, and pricing will be based solely on the senior unsecured ratings from the Specified Rating Agencies in accordance with this paragraph.

  • For so long as the Issuer's short-term unsecured, unsubordinated and unguaranteed debt obligations are rated at least F1 by Fitch or its long term, unsecured, unsubordinated and unguaranteed debt obligations are rated at least A by Fitch (the Fitch Specified Ratings) and the Issuer has a short-term deposit rating of at least P-1 by Moody's (the Moody's Specified Rating), the Reserve Fund Required Amount is nil (or such other amount as the Issuer notifies the Covered Bond Guarantor).


More Definitions of Specified Ratings

Specified Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody's and BBB- (or the equivalent) by S&P.
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Specified Ratings means a rating equal to or higher than Baa2 (or the equivalent) by ▇▇▇▇▇’▇ and BBB (or the equivalent) by S&P.
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Related to Specified Ratings

  • Specified Rating means, for the Class A(2017-2) Notes, Aaa(sf) with respect to ▇▇▇▇▇’▇, AAA(sf) with respect to Standard & Poor’s and AAAsf with respect to Fitch.

  • Specified Rating Agencies means each of Moody’s, S&P and DBRS as long as, in each case, it has not ceased to rate the Notes or failed to make a rating of the Notes publicly available for reasons outside of the Issuer’s control; provided that if one or more of Moody’s, S&P or DBRS ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer’s control, the Issuer may select any other “designated rating organization” within the meaning of National Instrument 41-101 of the Canadian Securities Administrators as a replacement agency for such one or more of them, as the case may be.

  • Required Ratings [Ratings] Closing Date, Location and Time: ___________ ___, 20___; offices of Cadwalader, Wickersham & Taft, LLP, ▇▇▇ ▇▇▇▇, New ▇▇▇k; 10:00 a.m. New York City time. Purchase Price for the Offered Certificates: Class Percent of Initial Aggregate ----- Principal Balance -------------------------------- Class A % Classes B-1, B-2 and B-3 % In ea▇▇ ▇▇▇▇, as offered and sold pursuant to this Terms Agreement, plus accrued interest, if applicable, thereon. Notwithstanding any other provision of the above-referenced Underwriting Agreement, all references to the Registration Statement in the Underwriting Agreement shall be with reference to File No. _________. Subject to the terms and conditions and in reliance upon the representations and warranties set forth in the above-referenced Underwriting Agreement (which is incorporated herein in its entirety and made a part hereof) as supplemented by this Terms Agreement, the Seller agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Seller, the Offered Certificates. The Underwriter has been retained solely to act as underwriter in connection with the sale of the Offered Certificates to investors (including the establishment of the price of the Offered Certificates to investors), and no fiduciary, advisory or agency relationship between Seller and the Underwriter has been created in respect of any of the transactions contemplated by this Terms Agreement, irrespective of whether the Underwriter has advised or is advising Seller on other matters. * * * If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement by and among the Seller, Wells Fargo Bank, N.A. and the Underwriter. Very truly yours, WELLS FARGO ASSET SECURITIES ▇ORPORATION By: ---------------------------- Name: Title: WELLS FARGO BANK, N.A. By: ---------------------------- Name: Title: The foregoing Terms Agreement is hereby confirmed and accepted as of the date first above written. HSBC SECURITIES (USA) INC. By: ---------------------------------- Name: Title: Exhibit B SUPPLEMENTAL INFORMATION With respect to any investor, "Supplemental Information" means any of the following types of information, to the extent omitted from the Issuer Free Writing Prospectus:

  • 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.

  • Required Rating means a short-term unsecured debt rating of “A-1+” by S&P Global Ratings and “F1+” by Fitch.