Examples of Standard & Poor’s in a sentence
Ratings can be obtained from Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s Investors Service, Inc.
The overall average credit quality of the fixed income portion of the Long Term Fund shall be investment grade or better (Standard & Poor’s BBB or Moody’s Baa).
Generally, the greater the credit rating of a security, the lower the probability of the issuer defaulting on its obligations.Credit ratings for preferred shares are obtained from Dominion Bond Rating Services and Standard & Poor’s.
External investment managers overseeing operating portfolio funds may purchase mortgage pass-through securities and asset-backed securities that are issued by U.S. government agencies or carry a BBB- or Baa3 rating at the time of purchase from Standard & Poor’s or its equivalent as defined by Moody’s or another Nationally Recognized Statistical Rating Organization (NRSRO).
While protection of dividends and principal is still considered acceptable, the issuing entity is more susceptible to adverse changes in financial and economic conditions, and there may be other adverse conditions present which detract from debt protection.For those Funds that invest in fixed‑income securities, credit ratings are obtained from Standard & Poor’s Global Ratings, Moody’s and/or Fitch Ratings.