Implied Rating shall have the meaning specified in Section 5.1(hh) of the Note Funding Agreement.
Implied Rating means the rating by Mxxxx’x of the senior unsecured debt of MLI adjusted downward two notches.
Implied Rating shall have the meaning specified in Section 5.1(hh) of the Note Purchase Agreement.
Examples of Implied Rating in a sentence
Difference Between Implied Rating and Assigned RatingThere is no difference between model implied rating and final assigned rating.
The daily update of ChinaBond Market Implied Rating please refer to Client terminal of ChinaBond Integrated Operation Platform and ChinaBond data download channel under ChinaBond Yield Curve and ChinaBond Market Implied Rating.
The Market Implied Rating also applies when there is no rating from a rating agency.
With the Market Implied Rating, the rating is calculated on the basis of the risk premium that a company has to pay for its bonds compared to "risk-free liabilities" on the market.
The ChinaBond yield curves of corporate bonds are based on ChinaBond Market Implied Rating.
More Definitions of Implied Rating
Implied Rating means, as of any date, the Status on such day determined in accordance with the following rules:
Implied Rating. An Obligor with respect to Commercial Receivables and Government Subcontract Receivables will have an "Implied Rating" if it meets one of the following conditions as so certified by the Servicer to the Trustee: (i) if any debt securities of such Obligor are rated by a Rating Agency the Implied Rating will be equal to the senior unsecured debt rating of such Obligor or if any such debt securities has a split rating, the lower of such ratings then in effect, (ii) if the debt obligations of such Obligor are not rated by a Rating Agency, but such obligations are guaranteed by a holding company, an Affiliate or other entity which has a senior unsecured debt rating from a Rating Agency, the Implied Rating will be equal to such senior unsecured rating or (iii) if such Obligor is a Non-U.S. Obligor whose debt obligations are not rated by a Rating Agency, but such obligations are either guaranteed by the related national government or a majority of its stock is owned by such national government the Implied Rating of such Obligor will be equal to the Rating Agency's rating of such related national government. For purposes of this definition and Section 7.06 hereof, Kaiser-Hill Co., LLC will be deemed to have an Implied Ratixx xx "XXX-" with respect to the Contract listed on the Primary Contract List on the date hereof, as the same such Contract may be amended or supplemented from time to time.
Implied Rating is defined in Section 6.1(s).”
Implied Rating has the meaning set forth in Section 7.1(k).
Implied Rating. An Obligor with respect to Commercial Receivables will have an "Implied Rating" if it meets one of the following conditions as so certified by the Servicer to the Trustee: (i) if any debt securities of such Obligor are rated by Standard & Poor's Corporation the Implied Rating will be equal to the senior unsecured debt rating of such Obligor, (ii) if the debt obligations of such Obligor are not rated by Standard & Poor's Corporation, but such obligations are guaranteed by a holding company, an Affiliate or other entity which has a senior unsecured debt rating from Standard & Poor's Corporation, the Implied Rating will be equal to such senior unsecured rating or (iii) if such Obligor is a Non-U.S. Obligor whose debt obligations are not rated by Standard & Poor's Corporation, but such obligations are either guaranteed by the related national government or a majority of its stock is owned by such national government, the Implied Rating of such Obligor will be equal to the Standard & Poor's Corporation rating of such related national government.
Implied Rating means, as of any date of determination and with respect to any company, a rating implied based upon the Standard & Poor's rating for long-term debt or claims paying ability that is in effect for such company in accordance with the following rules: (i) a company with a Standard & Poor's rating for long-term debt or claims paying ability of A+ to AAA will be assigned an Implied Rating of A-1+; (ii) a company with a Standard & Poor's rating for long-term debt or claims paying ability of A- to A will be assigned an Implied Rating of A-1; (iii) a company with a Standard & Poor's rating for long-term debt or claims paying ability of BBB to BBB+ will be assigned an Implied Rating of A-2; (iv) a company with a Standard & Poor's rating for long-term debt or claims paying ability of BBB- will be assigned an Implied Rating of A-3; and (v) a company with a Standard & Poor's rating for long-term debt or claims paying ability of below BBB- will be assigned an Implied Rating of "below A-3."
Implied Rating means, with respect to a Person, the most recent rating issued from time to time by the Rating Agencies as is applicable to such Person's senior unsecured long-term debt, or if no such senior unsecured long-term debt is outstanding, then the most recent rating issued from time to time by the Rating Agencies as would hypothetically be applicable to such Person's senior unsecured long-term debt (I.E., an implied rating).