Approved Credit Rating definition

Approved Credit Rating is a published and monitored long term rating provided by a Credit Rating Agency as defined in 3.1.1(d) of not less than Ba3 by Xxxxx’x Investors Service or equivalent rating by either Standard and Poor’s or Fitch Ratings.

Approved Credit Rating means an A2 or an A rating of long-term debt given by Xxxxx'x and/or Standard & Poor's, or another equivalent internationally recognised credit rating agency reasonably satisfactory to the Company;

Approved Credit Rating means, for a security or instrument, a rating at or above one of the following rating categories issued by an approved credit rating organization for that security or instrument or a category that replaces one of the following rating categories if

Examples of Approved Credit Rating in a sentence

• The ISO may review the creditworthiness of any Scheduling Coordinator, UDC or MSS which delays or defaults in making payments due under the ISO Tariff and, as a consequence of that review, may require such Scheduling Coordinator, UDC or MSS, whether or not it has (or is deemed to have) an Approved Credit Rating, to provide credit support in the form of: Issued by: Charles F.

• A California state agency shall be deemed to have an Approved Credit Rating if its financial obligations under the ISO Tariff are backed by the full faith and credit of the State of California.

• The Company at its discretion may deem appropriate, from time to time, other forms of security other than a Performance Bond with an Approved Credit Rating.

• If the ISO Reserve Account is drawn upon, the ISO shall as soon as possible thereafter take any necessary steps against the defaulting Scheduling Coordinator, including making any calculations or taking any other appropriate action, to replenish the ISO Reserve Account including drawing on any credit support provided by the defaulting Scheduling Coordinator pursuant to Section 2.2.3.2 of this ISO Tariff or serving demands on any defaulting Scheduling Coordinators with an Approved Credit Rating.

• A federal agency shall be deemed to have an Approved Credit Rating if its financial obligations under the ISO Tariff are backed by the full faith and credit of the United States.

More Definitions of Approved Credit Rating

Approved Credit Rating means at least a BBB rating of long-term debt given by Standard & Poor’s (or equivalent rating by Moody’s or Fitch);

Approved Credit Rating means an A2 or an A rating of long-term debt given by Moody's and/or Standard & Poor's, or another equivalent internationally recognised credit rating agency reasonably satisfactory to the Company;

Approved Credit Rating means, in relation to a Pool Member or the Grid Operator, a short-term debt rating of not less than BBB- by Standard & Poor's Corporation or Duff & Xxxxxx Credit Rating Co. or a rating of not less than Baa3 by Xxxxx'x Investors Service, Inc. or an equivalent rating from any other reputable credit rating agency approved by the Executive Committee;

Approved Credit Rating means a credit rating which is equal to or higher than the levels indicated in Schedule I attached to this policy and any other credit rating that may be designated in writing by the securities authorities;

Approved Credit Rating means a BBB rating of long-term debt given by Standard & Poor's (or equivalent rating by Moody's or Fitch);

Approved Credit Rating means a South African long-term unsecured foreign currency debt rating no worse than BBB- (as determined by Standard and Poor’s Rating Group or Fitch Ratings) or Baa3 (as determined by Moody's Investor Services, Inc.) or equivalent rating (as determined by Eskom or a rating agency approved by Eskom).

Approved Credit Rating means a credit rating of at least BBB/Baa2 for long term debt given by Standard & Poors and/or Moodys and/or another. Where a Counterparty has more than one credit rating, the lower/lowest will apply.