Acceptable NRSRO definition
Acceptable NRSRO means Fitch, Inc., Moody’s, S&P, DBRS/Morningstar or Kroll so long as such credit rating agency is recognized as a nationally recognized statistical rating organization by the SEC and continues to be a nationally recognized statistical rating organization and is approved as a “Credit Rating Provider” (or other similar designation) by the NAIC.
Acceptable NRSRO means any nationally recognized statistical rating organization recognized by the NAIC for purposes of “Filing Exempt” status with respect to assigning a designation of securities, or otherwise recognized by the NAIC for the purposes of assigning a securities designation without the requirement for an SVO filing.
Examples of Acceptable NRSRO in a sentence
The Company shall at all times maintain a Debt Rating for the Notes from an Acceptable NRSRO and deliver a Ratings Letter to the holders of Notes at least annually.