Issuance of Ratings. The Note Insurer shall have received confirmation that the risk secured by the Note Insurance Policy constitutes an investment-grade risk, that the Class A-1 Notes when issued will be rated “A-1+” by S&P, “Prime 1” by Xxxxx’x and “F1+” by Fitch and that the Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes, when issued, will be rated “AAA” by S&P, “Aaa” by Xxxxx’x and “AAA” by Fitch.
Issuance of Ratings. The Insurer shall have received confirmation that the risk secured by the Policy constitutes at least an investment grade risk by S&P and Xxxxx’x, and that the Obligations, when issued, will be rated “AAA” by S&P and “Aaa” by Xxxxx’x.
Issuance of Ratings. The Insurer shall have received confirmation that the risk secured by the Note Policy constitutes a "BBB" risk by S&P and a "Baa2" risk by Xxxxx'x and that the Notes, when issued, will be rated "AAA" by S&P and "Aaa" by Xxxxx'x (or A-1+ by S&P and P-1 by Xxxxx'x in the case of the Class A-1 Notes);
Issuance of Ratings. Financial Security shall have received confirmation that the risk secured by the Policies constitutes an investment grade risk by Standard and Poor's Corporation ("S&P") and an insurable risk by Xxxxx'x Investors Service, Inc. ("Xxxxx'x") and that the Class A-1 Notes, when issued, will be rated "A-1+" by S&P and "P-1" by Moody's, and that the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes and the Certificates, when issued, will be rated "AAA" by S&P and "Aaa" by Moody's.
Issuance of Ratings. The Insurer has received confirmation that the Class A-1 Notes will be rated in the highest short term rating category by at least two nationally recognized statistical rating agencies, that the Class A-2 Notes and the Class A-3 Notes will be rated in the highest long term rating category by at least two nationally recognized statistical rating agencies and that, without the benefit of the Ambac Policy, the Class A Notes will have a shadow rating of at least BBB from S&P and Baa2 from Xxxxx’x;
Issuance of Ratings. Financial Security shall have received confirmation that the risk secured by the Policy constitutes an investment grade risk by S&P and an insurable risk by Moodx'x xxx that the Securities, when issued, will be rated "AAA" by S&P and "Aaa" by Moodx'x.
Issuance of Ratings. FGIC shall have received confirmation that the risk secured by the Policy constitutes an investment grade risk by S&P and Xxxxx'x and that the Securities, when issued, will be rated "AAA" by S&P and "Aaa" by Xxxxx'x.
Issuance of Ratings. The Policy Provider shall have received confirmation that the risk secured by the Policy is rated no lower than "A-" by S&P and "Baa2" by Moody's, the Class G Certificates, when issued, will be rated "AAA" by S&P and "Aaa" by Moody's and that the Class C Certificates, when issued, will be rated "BBB" by S&P and "Baa3" by Moody's, and shall have received the confirmation from S&P of a capital charge acceptable to the Policy Provider;
Issuance of Ratings. Financial Security shall have received confirmation that the risk secured by the Notes Policy constitutes an “A-” risk by S&P and an “A3” risk by Xxxxx’x and that (i) the Class A-1 Notes, when issued, will be rated “Prime-1” by Xxxxx’x, “A-1+” by S&P and “F1+” by Fitch and (ii) the Class A-2-A Notes, Class A-2-B Notes, Class A-3 Notes, and Class A-4 Notes, when issued, will each be rated “Aaa” by Xxxxx’x and “AAA” by S&P and Fitch.
Issuance of Ratings. Financial Security shall have received confirmation that the risk secured by the Policy constitutes an investment grade risk by S&P and an insurable risk by Moody's.
