Credit Standing. 1. Investments will be made only in commercial paper rated at least A-1 and P-1. Bank CDs will be subject to the same limitations, except that an F-1 rating may be used in place of A-1 or P-1 and a minimum long-term debt rating of double-A or equivalent will suffice where CDs are not publicly rated.
Appears in 6 contracts
Samples: Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Day Credit Agreement (Nicor Inc), Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)