BBB definition

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

• A sub-investment grade bond has a Standard & Poor’s credit rating of below BBB or equivalent.

• Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade.

• The Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long-term debt rating of BBB, or an equivalent rating, or better by the Rating Agencies.

• LiquidityA1+ A1 A2 A3 A4AAA AA+ AA AA- A+ AA- BBB+ BBB BBB- BB+ BB BB-B+ B B-CCC CC CShort-term Ratingmay not be sufficient.Long-term RatingD Obligations are currently in default.*The correlation shown is indicative and, in certain cases, may not hold.

• BBB is described as having adequate capacity to meet financial commitments.

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” “CCC” or below Recovery rate

BBB. “BB” “B” and “CCC”

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.

BBB by Fitch Ratings and "AAA", "AAA", "AA", "A", "A-", "BBB+", "BBB" and "BBB-", respectively, by Standard & Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc.