Required Rating means, in the case of Moody's, the rating assigned to the Underlying Securities by Moody's as of the Closing Date, and, in the case of S&P, the rating assigned to the Underlying Securities by S&P as of the Closing Date.
Required Rating means a short-term unsecured debt rating of “A-1+” by S&P Global Ratings and “F1+” by Fitch.
Required Rating means a rating on (i) short-term unsecured debt obligations of P-1 by Moody's and (ii) short-term unsecured debt obligations of A-1+ by Standard & Poor's; and any requirement that short-term unsecured debt obligations have the "Required Rating" shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such Rating Agencies.
Examples of Required Rating in a sentence
Insurer The insurances required to be procured and maintained under each of clauses 12.1(a), 12.1(b) and 12.1(c)(i) must be maintained with an insurance company that has a Required Rating.
Insurer The insurances required to be procured and maintained under each of clauses 13.1(a), 13.1(b) and 13.1(c)(i) must be maintained with an insurance company that has a Required Rating.
More Definitions of Required Rating
Required Rating means, with respect to any entity, that such entity (or the parent of such entity) meets at all times the ratings criteria acceptable to each Rating Agency rating the Notes, so as to preclude a downgrade of the Notes and/or credit watch of the Notes with negative implications.
Required Rating means a rating on commercial paper or other short term unsecured debt obligations of F1 or A by Fitch so long as Fitch is a Rating Agency and A-1+ by S&P Global Ratings so long as S&P Global Ratings is a Rating Agency; and any requirement that deposits or debt obligations have the “Required Rating” shall mean that such deposits or debt obligations have the foregoing required ratings from Fitch and S&P Global Ratings.
Required Rating has the meaning set forth in Section 4.1(d)(vi).
Required Rating. With respect to any Series (or Class within such Series), the rating category (or categories) specified in the Series Supplement that, as a condition to the issuance of such Series or Class, is (or are) the lowest category (or categories) in which the Certificates of such Series or Class may be categorized by the Rating Agency.
Required Rating means, with respect to any entity, that such entity (or the parent of such entity) has a rating of at least BBB- by Standard & Poor's and at least Baa3 by Moody's.
Required Rating means a rating with respect to short term deposit obligations of at least P-1 by Moody's and at least A-1 by Standard & Poor's.
Required Rating means, for short term unsecured debt obligations, a rating of at least (a) “A-1” from S&P, (b) “P-1” from Xxxxx’x and (c) “F-1” from Fitch.