Commercial Paper Rating definition

Commercial Paper Rating means, as of any date, the lowest rating that has been most recently announced by any of S&P and Xxxxx’x, as the case may be, for short-term public unsecured debt issued by the Borrower. For purposes of the foregoing, (a) if any rating established by S&P or Xxxxx’x shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P or Xxxxx’x shall change the basis on which ratings are established, each reference to the Commercial Paper Rating announced by S&P or Xxxxx’x, as the case may be, shall refer to the then equivalent rating by S&P or Xxxxx’x, as the case may be.
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Commercial Paper Rating means, as of any date, the lowest rating that has been most recently announced by either S&P or Moody's, as the case may be, for short term public unsecured senior debt issued by the Borrower. For purposes of the foregoing, (a) if any rating established by S&P or Moody's shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P or Moody's shall change the basis on which ratings are established, each reference to the Commercial Paper Rating announced by S&P or Moody's, as the case may be, shall refer to the then equivalent rating by S&P or Moody's, as the case may be.
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Commercial Paper Rating means the then most recent rating assigned by Standard & Poor's or Moody's to the Borrower's commercial paper.
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Examples of Commercial Paper Rating in a sentence

  • Commercial Paper Rating Definitions A Standard & Poor’s commercial paper rating is a current assessment of the likelihood of timely payment of debt having an original maturity of no more than 365 days.

  • Commercial Paper Rating is one if the firm has such a rating and zero otherwise.

  • Bond or Debenture Rating: When any corporation, company or government floats bond or debenture in the market, it is called bond/debenture rating.2. Equity Rating: When a company floats equity shares then the rating is called equity rating.3. Preference Share Rating: A company issues preference share, it is called preference share rating.4. Commercial Paper Rating: There is a type of short term credit.

  • The following chart reflects the current ratings assigned to our senior unsecured non-credit enhanced long-term debt and commercial paper issued directly by us by each of these agencies: Long-Term-Debt Date of Name of Rating Agency Commercial Paper Rating Outlook Last Action Moody's P-1 Aa1 Stable December 2006 S&P A1+ AAA Negative December 2006 Our access to financing at favorable rates would be affected by a substantial downgrade in our credit ratings.

  • DealScan records it at the facility level in “PerofrmancePricing” dataset, which in total identifies 17 sperate types of performance pricing.3 The measure of credit risk could be based on some accounting ratios, such as Total Debt to Cash Flow, Leverage, and Fixed Charge Coverage, or certain debt ratings, such as Senior Debt Rating, Commercial Paper Rating and Moodys Rating, or some rare forms of measure like Maturity, Availability and EBITDA.

  • Thus, rated firms should be less reliant on internal financing.4) Commercial Paper Rating: The constraint categorization for commercial paper ratings follows the bond rating intuition.

  • On March 4, 2020, India Ratings and Research (Ind-Ra) has affirmed the Company’s Long-Term Issuer Rating and Commercial Paper Rating at ‘IND AA+’ (with stable outlook) and A1+ respectively.

  • Chow), Exploring the Existence and Drivers of Selection Biases in Finance Articles’ Citations, 2014Leo Chan (with Donald Lien), Cash Settlement and Price Discovery in Futures Markets, Summer 2001P.R. Chandy (with Ed Duett), Commercial Paper Rating Models, Autumn 1990; (with Wallace N.

  • The following chart reflects the current ratings assigned to our senior unsecured non-credit enhanced long-term debt and commercial paper issued directly by us by each of these agencies: Long-Term-Debt Date of Name of Rating Agency Commercial Paper Rating Outlook Last Action Moody's P-1 Aa1 Negative October 2007 S&P A1+ AAA Negative December 2006On October 19, 2007, Moody's affirmed our Aa1 rating, its second-highest investment grade rating, but revised our ratings outlook to negative from stable.

  • Chow), Exploring the Existence and Drivers of Selection Biases in Finance Articles’ Citations, Volume 50, No. 3&4, 2014Leo Chan (with Donald Lien), Cash Settlement and Price Discovery in Futures Markets, Summer 2001P.R. Chandy (with Ed Duett), Commercial Paper Rating Models, Autumn 1990; (with Wallace N.


More Definitions of Commercial Paper Rating

Commercial Paper Rating means, as of any date, the lowest rating that has been most recently announced by any of S&P, Xxxxx’x and Fitch, as the case may be, for short-term public unsecured debt issued by the Borrower. For purposes of the foregoing, (a) if any rating established by S&P, Xxxxx’x or Fitch shall be changed, such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P, Xxxxx’x or Fitch shall change the basis on which ratings are established, each reference to the Commercial Paper Rating announced by S&P, Xxxxx’x or Fitch, as the case may be, shall refer to the then equivalent rating by S&P, Xxxxx’x or Fitch, as the case may be.
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Commercial Paper Rating is defined in Section 2.3.4.
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Related to Commercial Paper Rating

  • Commercial Paper Rate means: (1) the

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Moody’s Rating means, at any time, the rating issued by Moody's and xxxx xx effect with respect to the Borrower's senior unsexxxxx xong-term debt securities without third-party credit enhancement.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • 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.

  • Commercial Paper Dealers means Merrill Lynch, Pierce, Fenner & Smith Incorporated and such other commercial paper dealer or dealers as the Corporation may from time to time appoint, or, in lieu of any thereof, their respective affiliates or successors.

  • Fitch Rating means, at any time, the rating published by Fitch of the Borrower’s Index Debt.

  • Commercial Paper means promissory notes of any Conduit issued by such Conduit in the commercial paper market.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Other Rating Agency means each NRSRO, if any, other than Fitch then providing a rating for the MRP Shares pursuant to the request of the Company.

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Other Rating Agency Eligible Assets means assets of the Company designated by any Other Rating Agency as eligible for inclusion in calculating the Agency Discounted Value of the Company’s assets in connection with such Other Rating Agency’s rating of any series of MRP Shares.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

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

  • Debt Rating has the meaning specified in the definition of “Applicable Rate.”

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time (i) short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs or (ii) such other short-term debt ratings, if any, as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.

  • Federal Funds Open Rate means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”. If the rate is not available for an Interest Determination Date, the rate for that Interest Determination Date shall be the Federal Funds Rate as determined below.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Risk Rating means, with respect to any Loan at any time, if such Loan is at such time (i) rated by both S&P and Moody’s, the lower of such ratings, (ii) rated by either S&P or Moody’s, such rating or (iii) not rated by either S&P or Moody’s, the rating determined by the Servicer’s risk rating model.

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Index Debt means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Fitch Ratings means Fitch Ratings Limited, an English corporation, and any successor thereto;

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.