S&P Credit Rating definition

S&P Credit Rating means the rating level (it being understood that a rating level shall include numerical modifiers and (+) and (-) modifiers) assigned by S&P to the senior unsecured long-term debt of an Issuer.

S&P Credit Rating at anx xxxx, xxe rating level (it being understood that numerical modifiers and (+) (-) modifiers shall constitute rating levels) then assigned by S&P to the Company's senior unsecured long-term debt.

S&P Credit Rating means, in respect of a person, a rating for that person’s long-term unsecured and non credit-enhanced debt obligations by Standard & Poor’s Rating Services or any successors to its rating business.

Examples of S&P Credit Rating in a sentence

• Promptly, and in any event within three Business Days after a senior officer of the Borrower obtains knowledge thereof, notice of any change in the credit rating assigned by Xxxxx'x or S&P to any long-term debt of the Borrower (including without limitation any change in the Xxxxx'x Credit Rating or the S&P Credit Rating).

• As soon as possible and in any event within 10 days after any change in (i) the credit rating assigned by Moodx'x xx S&P to any long-term unsecured debt of the Borrower (including, without limitation, any change in the Moodx'x Xxxdit Rating or the S&P Credit Rating) and/or (ii) the stated implied senior debt rating assigned by Moodx'x xx S&P with respect to the Borrower; notice of such change and the date on which it was first announced by the applicable rating agency.

• Cash flow was also strong in the quarter as our businesses continue to demonstrate their ability to generate consistent and strong cash flow.”Key events in recent weeks related to Tyco’s planned separation include the following:· Fitch, Moody’s and S&P Credit Rating Services issued investment grade credit ratings for each of the three companies.

• Promptly, and in any event within three Business Days after a senior officer of the Borrower obtains knowledge thereof, notice of any change in the credit rating assigned by Moody's or S&P to xxx xxng-term debt of the Borrower (including without limitation any change in the Moody's Credit Ratxxx xx the S&P Credit Rating).

• At any time when (i) the Xxxxx’x Credit Rating is Baa3 or lower (or the Borrower’s long term senior unsecured debt is not rated by Xxxxx’x) or (ii) the S&P Credit Rating is BBB- or lower (or the Borrower’s long term senior unsecured debt is not rated by S&P), the Borrower shall not permit the Total Leverage Ratio at any such time to be greater than 4.25:1.00.

More Definitions of S&P Credit Rating

S&P Credit Rating means the rating level (it being understood that a rating level shall include numerical modifiers and (+) and (-) modifiers) assigned by S&P to the senior unsecured long-term debt of the Borrower, PROVIDED that if at any time S&P does not rate the senior unsecured long-term debt of the Borrower, the "S&P Credit Rating" shall be three rating levels below the claims paying rating assigned by S&P to AmerUs Life. If either of the foregoing ratings shall be changed by S&P, such change shall be effective for purposes of this definition on the Business Day following the day on which S&P announces such change.

S&P Credit Rating means the rating level (it being understood that a rating level shall include numerical modifiers and (+) and (-) modifiers) assigned, whether express or implied, by S&P to the Company's senior unsecured long-term debt, PROVIDED that in the event that no senior unsecured outstanding long-term debt of the Company is rated by S&P there shall be no S&P Credit Rating.

S&P Credit Rating means the publicly announced Credit Rating assigned by S&P as in effect from time to time.

S&P Credit Rating means, at any time, with respect to any Person, the rating in effect at such time assigned by Standard & Poor's Rating Group, a division of McGraw Hill for the long term senior unsecured debt of such Person. For a 90 day period from and after the Closing Date, if there is no actual S&P Credit Rating, the implied senior debt rating shall apply.

S&P Credit Rating means the rating assigned by Standard & Poor's Ratings Group ("S&P") to the senior unsecured long-term debt of the Asset Purchaser (or, in the event that none of the Asset Purchaser's senior unsecured debt is rated by S&P, the Asset Purchaser's implied senior unsecured debt rating), and "Moody's Credit Rating" shall mean the rating level assigned by Xxxxx'x Investor Service, Inc. ("Moody's") to the senior unsecured long-term debt of the Asset Purchaser (or, in the event that none of the Asset Purchaser's senior unsecured debt is rated by Moody's, the Asset Purchaser's implied senior unsecured debt rating). Asset Purchaser shall have the right to delegate to its affiliates or third parties any of its responsibilities under this Section 5. NEP hereby agrees to provide and deliver to Asset Purchaser all information which NEP now has or hereafter acquires or to which it is entitled with respect to each Commitment and Asset Purchaser hereby agrees with respect to such information to be subject to any confidentiality provisions of such Commitment and any restrictions on the dissemination of such information as are required by the Federal Energy Regulatory Commission. NEP also agrees to participate at Asset Purchaser's request and under Asset Purchaser's direction in any governmental proceeding with respect to the Commitments or this Agreement. Notwithstanding any provision to the contrary in this section, NEP shall have the right, and nothing in this Agreement shall limit NEP's right, to take a position on its own behalf and to submit testimony, make filings, and otherwise assert and defend such position in connection with any matter or proceeding concerning the recovery of costs associated with any Commitment in NEP's transmission rates. Neither of the parties shall institute proceedings concerning this Agreement under sections 205 or 206 of the Federal Power Act without the consent of the other party, which consent shall not be unreasonably withheld.

S&P Credit Rating means the credit rating assigned by Standard & Poor’s Rating Group to the highest rated publicly issued debt securities of the assignee, and “Moody’s Credit Rating” means the credit rating assigned by Xxxxx’x Investors Service to the highest rated publicly issued debt securities of the assignee.

S&P Credit Rating means, for any particular day, the risk rating then assigned to the Series B Preferred Shares (subject to ongoing surveillance and adjustment) by the Standard & Poor's Division of The McGraw Hill Companies (or any successor organization or any substitute rating organization that may be agreed upon in writing by the Company and the registered holders of more than 50% of the outstanding Series B Preferred Shares); provided, however, that in the event that no such rating is assigned or that such rating has not been confirmed within the previous 364 days, the S&P Credit Rating shall be deemed to be "Unrated."