BBB by Standard & Poor's or "Baa2" by Moody's, as promptly as practicabxx xxx in any case within 90 days of the event, the Master Servicer shall, at its expense, either
BBB ratings indicate that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category.
BBB or better by S&P and "Baa2" by Xxxxx'x; provided, however, that the Indenture Trustee's separate capital and surplus shall at all times be at least the amount required by TIA Section 310(a)(2). If the Indenture Trustee publishes annual reports of condition of the type described in TIA Section 310(a)(1), its combined capital and surplus for purposes of this Section 6.08 shall be as set forth in the latest such report. If at any time the Indenture Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08 and TIA Section 310(a)(2), it shall resign immediately in the manner and with the effect hereinafter specified in this Article VI.
Examples of BBB in a sentence
There shall at all times be a Loan Agent hereunder which shall be a corporation or banking organization organized and doing business under the laws of the United States of America or of any state thereof, having a combined capital and surplus of at least U.S.$200,000,000, subject to supervision or examination by federal or state authority, having a long term debt rating of at least "BBB+" by S&P and having an office within the United States.
There shall at all times be a Collateral Trustee hereunder which shall be an Independent organization or entity organized and doing business under the laws of the United States or of any state thereof, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least U.S.$200,000,000, subject to supervision or examination by federal or state authority, having a long-term debt rating of at least "BBB+" by S&P and having an office within the United States.
More Definitions of BBB
BBB. Bonds rated "BBB" exhibit adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation. BB, B, CCC, CC, and C
BBB by Standard & Poor's on its long-term senior unsecured and uncredit-enhanced debt securities, and (b) "P-3" by Moody's, or if such Obligor does not have a short-term rating from Moody's, "Baa3" to "Baa2" by Moody's on its long-term senior unsecured and uncredit-enhanced debt securities.
BBB by Standard & Poor’s Rating Services and Fitch, Inc. and “Baa2” by Xxxxx’x Investors Service, Inc.
BBB. “BB” “B” and “CCC” 1+ 10 % 12 % 14 % 16 % 18 % 20 % 1 10 % 12 % 14 % 16 % 18 % 20 % 2 10 % 12 % 14 % 16 % 18 % 20 % 3 5 % 7 % 9 % 10 % 11 % 12 % 4 2 % 2 % 2 % 2 % 2 % 2 % 5 0 % 0 % 0 % 0 % 0 % 0 % 6 0 % 0 % 0 % 0 % 0 % 0 % Recovery rate * The S&P Recovery Rate shall be the applicable rate set forth above based on the initial rating of the Highest Ranking Class at the time of determination.
BBB. “BB” “B” “CCC” or below 1+ (100) 75.0 % 85.0 % 88.0 % 90.0 % 92.0 % 95.0 % 95.0 % 1 (95) 70.0 % 80.0 % 84.0 % 87.5 % 91.0 % 95.0 % 95.0 % 1 (90) 65.0 % 75.0 % 80.0 % 85.0 % 90.0 % 95.0 % 95.0 % 2 (85) 62.5 % 72.5 % 77.5 % 83.0 % 88.0 % 92.0 % 92.0 % 2 (80) 60.0 % 70.0 % 75.0 % 81.0 % 86.0 % 89.0 % 89.0 % 2 (75) 55.0 % 65.0 % 70.5 % 77.0 % 82.5 % 84.0 % 84.0 % 2 (70) 50.0 % 60.0 % 66.0 % 73.0 % 79.0 % 79.0 % 79.0 % 3 (65) 45.0 % 55.0 % 61.0 % 68.0 % 73.0 % 74.0 % 74.0 % 3 (60) 40.0 % 50.0 % 56.0 % 63.0 % 67.0 % 69.0 % 69.0 % 3 (55) 35.0 % 45.0 % 51.0 % 58.0 % 63.0 % 64.0 % 64.0 % 3 (50) 30.0 % 40.0 % 46.0 % 53.0 % 59.0 % 59.0 % 59.0 % 4 (45) 28.5 % 37.5 % 44.0 % 49.5 % 53.5 % 54.0 % 54.0 % 4 (40) 27.0 % 35.0 % 42.0 % 46.0 % 48.0 % 49.0 % 49.0 % 4 (35) 23.5 % 30.5 % 37.5 % 42.5 % 43.5 % 44.0 % 44.0 % 4 (30) 20.0 % 26.0 % 33.0 % 39.0 % 39.0 % 39.0 % 39.0 % 5 (25) 17.5 % 23.0 % 28.5 % 32.5 % 33.5 % 34.0 % 34.0 % 5 (20) 15.0 % 20.0 % 24.0 % 26.0 % 28.0 % 29.0 % 29.0 % 5 (15) 10.0 % 15.0 % 19.5 % 22.5 % 23.5 % 24.0 % 24.0 % 5 (10) 5.0 % 10.0 % 15.0 % 19.0 % 19.0 % 19.0 % 19.0 % 6 (5) 3.5 % 7.0 % 10.5 % 13.5 % 14.0 % 14.0 % 14.0 % 6 (0) 2.0 % 4.0 % 6.0 % 8.0 % 9.0 % 9.0 % 9.0 % Recovery rate * From S&P’s published reports. If a recovery point estimate is not available for a given loan; the lower range for the applicable recovery rating should be assumed.
BBB or better by S&P, Fitch and DBRS. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); PROVIDED, HOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
BBB and "BB+" to the Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, respectively.