Issuance of Ratings. FSA 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 and that the Obligations, when issued, will be rated "AAA" by S&P, and "Aaa" by Moody's.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Bear Stearns Asset Backed Securities Inc)
Issuance of Ratings. FSA 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 ’s and that the ObligationsSecurities, when issued, will be rated "“AAA" ” by S&P, S&P and "“Aaa" ” by Moody's’s.
Appears in 1 contract
Issuance of Ratings. FSA 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 and that the ObligationsSecurities, when issued, will be rated "AAA" by S&P, S&P and "Aaa" by Moody's.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (United Panam Financial Corp)
Issuance of Ratings. FSA 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 and that the ObligationsSecurities, when issued, will be rated "AAA" by S&P, S&P and "Aaa" by Moody's.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Accredited Home Lenders Inc)
Issuance of Ratings. FSA 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 Xxxxx'x and that the ObligationsSecurities, when issued, will be rated "AAA" by S&P, and "Aaa" by Moody'sXxxxx'x.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Prudential Securities Secured Financing Corp)
