Debt Ratings Clause Samples
The Debt Ratings clause establishes requirements or conditions related to the credit ratings assigned to a party’s debt by recognized rating agencies. Typically, it specifies minimum acceptable ratings, outlines what happens if ratings fall below certain thresholds, or requires notification if a rating changes. This clause helps manage credit risk by ensuring that parties maintain a certain level of financial stability, thereby protecting the interests of lenders or counterparties in the event of deteriorating creditworthiness.
Debt Ratings. Prompt notice of any change in its Debt Ratings.
Debt Ratings any change in the Borrower’s Debt Ratings;
Debt Ratings. The Borrower shall have received a prospective senior secured debt rating with the respect to the Loans from each of S&P and ▇▇▇▇▇’▇; and
Debt Ratings. (i) The M▇▇▇▇’▇ Debt Rating is lower than A3 and the S&P Debt Rating is lower than A-; or
(ii) M▇▇▇▇’▇ and S&P suspends or withdraws their rating of the Borrower’s senior unsecured long-term non-credit enhanced debt.
Debt Ratings. Schedule 7.15 contains a true and accurate list as of the Closing Date of the Senior Public Debt Ratings.
Debt Ratings. The Facilities shall have received a debt rating from ▇▇▇▇▇’▇ and S&P.
Debt Ratings. The Borrowers will notify the Agents promptly upon becoming aware thereof, of any publicly announced change in the Senior Public Debt Ratings and/or any change in the rating of any other Indebtedness of any of their Subsidiaries which is rated by S&P, ▇▇▇▇▇’▇ or Fitch.
Debt Ratings. With respect to the Borrower, use its reasonable best efforts to maintain at all times a senior unsecured long-term debt rating from either S&P or ▇▇▇▇▇’▇.
Debt Ratings. With respect to Gannett, use its reasonable best efforts to maintain at all times a senior unsecured long-term debt rating from either S&P or ▇▇▇▇▇’▇.
Debt Ratings. The ▇▇▇▇▇’▇ Debt Rating is lower than Baa3 and the S&P Debt Rating is lower than BBB-; or