Examples of Baa2 in a sentence
Notwithstanding the above, a Customer with an issuer rating from any of the approved rating agencies below BBB (or Baa2) shall be deemed to be a Non-Investment Grade Customer.
India’s sovereign rating decreased from Baa2 with a “negative” outlook to Baa3 with a “negative” outlook by Moody’s and from BBB with a “stable” outlook to BBB with a “negative” outlook (Fitch) in June 2020; and from BBB “stable” to BBB “negative” by DBRS in May 2020.
If a Customer does not have a senior long-term unsecured debt rating from Standard & Poor’s, Fitch, Moody’s or Dominion, the Customer shall nevertheless be deemed an Investment Grade Customer if it has an issuer rating of BBB or higher from Standard & Poor’s, Fitch, or Dominion, or Baa2 or higher from Moody’s.
The Instruments to be issued have been rated:S&P: BBB+Moody’s: Baa2 Fitch: A-These credit ratings have been issued by Standard & Poor’s Credit Market Services Europe Limited, Moody’s Investor Services España, S.A. and Fitch Ratings España, S.A.U.Each of Standard & Poor’s Credit Market Services Europe Limited, Moody’s Investor Services España, S.A., and Fitch Ratings España, S.A.U. is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended) (the “CRA Regulation”).
If not so specified, the Custodian shall be a commercial bank or trust company which is unaffiliated with Party B organized under the laws of the United States or any state thereof, having assets of at least $10 billion and a long term debt or a deposit rating of at least Baa2 from Moody's and A from S&P.