Examples of Nationally Recognized Statistical Rating Organization in a sentence
Each of the two facilities is diversified among 21 large commercial banks, all of which had an A- equivalent or higher rating by at least one Nationally Recognized Statistical Rating Organization ("NRSRO") as of December 31, 2023.
Only one rating from a Nationally Recognized Statistical Rating Organization (“NRSRO”) is required.
The SEC has interpreted "high quality short-term debt instruments" to mean any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Organization, or which is unrated but is of comparable quality.
Credit Quality80% of the portfolio should be at least Investment Grade or higher as rated by a Nationally Recognized Statistical Rating Organization (NRSRO).