Credit Quality. All security issuers will be rated in the highest short-term ratings category: A-1 by Standard & Poor’s, P-1 by Moody’s or F1 by Fitch. If a security issuer does not have short-term ratings then the issuer must have minimum long-term ratings of single A by Standard & Poor’s, A2 by Moody’s, or A by Fitch. Split rated securities or issuers are permitted. Obligations that are not rated will be Approved Investments if the issuer of the obligation meets the above rating criteria.
Appears in 15 contracts
Samples: Securities Lending Agreement and Guaranty (Voya MUTUAL FUNDS), Securities Lending Agreement and Guaranty (Voya EQUITY TRUST), Securities Lending Agreement and Guaranty (Voya FUNDS TRUST)
Credit Quality. All security issuers will be rated in the highest short-term ratings category: A-1 by Standard & Poor’s's, P-1 by Moody’s 's or F1 by Fitch. If a security issuer does not have short-term ratings then the issuer must have minimum long-term ratings of single A by Standard & Poor’s's, A2 by Moody’s's, or A by Fitch. Split rated securities or issuers are permitted. Obligations that are not rated will be Approved Investments if the issuer of the obligation meets the above rating criteria.
Appears in 1 contract
Samples: Securities Lending Agreement and Guaranty (Voya Enhanced Securitized Income Fund)
