Bond Rating definition

Bond Rating means a rating assigned to any long-term senior secured indebtedness issued by or on behalf of the storage operator, including any indebtedness issued by any governmental authority with respect to which the storage operator is obligor.

Bond Rating means a rating assigned to a Borrower's senior long-term unsecured debt by any of the Rating Agencies.

Bond Rating means the long term credit rating (without regard to any bond insurance or any other form of credit enhancement on the Bonds) assigned to the Series 2009A Bonds or parity debt by each Rating Agency then providing its long term rating therefor. If more than one rating agency provides a rating, the “Bond Rating” is the lowest such rating.

Examples of Bond Rating in a sentence

• Bond rating of entity that owns the vessels in question (in the case of joint ventures, include the bond rating of the joint venture entity and the bond ratings of all partners; in the case of corporations, include the bond rat- ings of any parent or subsidiary cor- porations).

• Rating Agency fees for monitoring and maintaining the Bond rating.

• If the Bond rating is below an “A” category or the equivalent, the Application will be evaluated pursuant to section 5065.

• If the Bonds are to be fixed rate Bonds, the Bond rating shall be no less than an “A” category or the equivalent as rated by a Nationally Recognized Statistical Rating Organization.

• During the year under review Moody’s announced on 1 August 2013 that it was placing the Unguaranteed Public Sector Covered Bond rating of Hypo Alpe-Adria-Bank Inter- national AG on “review” direction “uncertain”.

More Definitions of Bond Rating

Bond Rating means the long-term credit rating, determined without regard to liquidity or credit enhancement, assigned to any Outstanding Obligations of the Issuer by a Rating Agency.

Bond Rating the Moody's Bond Rating and the S&P Bond Rating. -----------

Bond Rating means the numerical rating of a unit of local government developed by the NCMC. The rating formula is based on 100 being a theoretically "perfect" unit of local government and is an assessment of the creditworthiness of the unit. Units of local government with a rating below 75 or with no ratings have limited, if any, access to the private markets for financing water and sewer or other debt.

Bond Rating means a rating on a bond issue assigned by a national rating agency. Obtaining a rating on the bonds can often make it possible for an issuer to secure a lower interest rate on a bond issue.

Bond Rating means, the underlying, long-term rating assigned by a Rating Agency to Bonds issued under the Master Bond Resolution (other than the Subseries 2008B-[3][4] Bonds, which are not rated), without reliance on any credit enhancement.

Bond Rating means the long term unsecured debt rating given by Standard & Poor's, a division of The XxXxxx-Xxxx Companies ("S & P"), Fitch IBCA, Inc., Duff and Xxxxxx, Inc. or the equivalent by Xxxxx'x Investors Service, Inc. ("Moody's"). In the absence of Bond Ratings, NAIC 1 will be purchased at BBB/Baa levels. NAIC 2 will be purchased at BBB/Ba levels. In the absence of Bond Ratings, short-term debt ratings of A-1+ by S & P will be purchased in accordance with AA/AA levels. Short-term debt ratings of A-1 by S & P or Prime-1 by Moody's will be purchased in accordance with A/A levels. Short-term debt ratings of A-2/A-3 by S & P or Prime 2/Prime-3 by Moody's will be purchased in accordance with BBB/Baa levels. Any short-term debt rating below these levels will be considered in the Buyer's sole discretion. All plus or minus aspects of Lease ratings will be ignored. Any split rating will default to the lower of the ratings.

Bond Rating means, for any day and for any corporation and any Rating Agency, the rating of such corporation's (or if such corporation is a commercial bank which is not rated, its holding company's) senior long-term unsecured debt by such Rating Agency in effect at 9:00 A.M., New York City time, on such day. If any Rating Agency shall have changed its system of classifications after the date hereof, the Bond Rating shall be considered to be at or above a specified level if it is at or above the new rating which most closely corresponds to the specified level under the old rating system.