Bond Rating definition

Bond Rating means a rating assigned to any long-term senior secured indebtedness issued by or on behalf of the storage operator, including any indebtedness issued by any governmental authority with respect to which the storage operator is obligor.

Bond Rating means a rating assigned to a Borrower's senior long-term unsecured debt by any of the Rating Agencies.

Bond Rating means the long term credit rating (without regard to any bond insurance or any other form of credit enhancement on the Bonds) assigned to the Series 2009A Bonds or parity debt by each Rating Agency then providing its long term rating therefor. If more than one rating agency provides a rating, the “Bond Rating” is the lowest such rating.

Examples of Bond Rating in a sentence

• In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a) Domin- ion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.

• In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Forward Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a) Dominion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.

• Credit ratings for preferred shares are obtained from Dominion Bond Rating Services and Standard & Poor’s.

• In respect of short-term securities or instruments (where the maturity date of the security or instrument is less than one year), Counterparties must have a designated rating for Commercial Paper/Short-Term Debt no lower than (a)Dominion Bond Rating Service Limited (“DBRS”) - “R-1(low)”; (b) Fitch Ratings (“Fitch”) - “F1”; (c) Moody’s Investors Service (“Moody’s”) - “P-1”; and (d) Standard & Poor’s (“S&P”) - “A-1(Low)”.

• Lessor hereby consents to any Merger in which the acquiring entity has a Xxxxx'x Bond Rating of BA3 or better or a commercially acceptable equivalent measure of creditworthiness as reasonably determined by Lessor.

More Definitions of Bond Rating

Bond Rating means the numerical rating of a unit of local government

Bond Rating means the long-term credit rating, determined without regard to liquidity or credit enhancement, assigned to any Outstanding Obligations of the Issuer by a Rating Agency.

Bond Rating means the numerical rating of a unit of local government developed by the NCMC. The rating formula is based on 100 being a theoretically "perfect" unit of local government and is an assessment of the creditworthiness of the unit. Units of local government with a rating below 75 or with no ratings have limited, if any, access to the private markets for financing water and sewer or other debt.

Bond Rating the Moody's Bond Rating and the S&P Bond Rating. -----------

Bond Rating means a rating on a bond issue assigned by a national rating agency. Obtaining a rating on the bonds can often make it possible for an issuer to secure a lower interest rate on a bond issue.

Bond Rating means the long term unsecured debt rating given by Standard & Poor's, a division of The XxXxxx-Xxxx Companies ("S & P"), Fitch IBCA, Inc., Duff and Xxxxxx, Inc. or the equivalent by Xxxxx'x Investors Service, Inc. ("Moody's"). In the absence of Bond Ratings, NAIC 1 will be purchased at BBB/Baa levels. NAIC 2 will be purchased at BBB/Ba levels. In the absence of Bond Ratings, short-term debt ratings of A-1+ by S & P will be purchased in accordance with AA/AA levels. Short-term debt ratings of A-1 by S & P or Prime-1 by Moody's will be purchased in accordance with A/A levels. Short-term debt ratings of A-2/A-3 by S & P or Prime 2/Prime-3 by Moody's will be purchased in accordance with BBB/Baa levels. Any short-term debt rating below these levels will be considered in the Buyer's sole discretion. All plus or minus aspects of Lease ratings will be ignored. Any split rating will default to the lower of the ratings.

Bond Rating means, as of any date, the higher of the ratings that have been most recently announced by either Moody's or S&P, as the case may be, for senior unsecured debt in effect on such date, provided, however, that if, for either Moody's or S&P, no rating is in effect, the rating from Moody's or S&P, as the case may be, on such date shall be deemed to be Ba2 or BB, as applicable; and, provided further, that if, as of any date, either Moody's or S&P shall have ceased to exist or to be in the business of rating securities, (i) the Bond Rating with respect to whichever of Moody's or S&P shall have ceased to exist or to rate securities shall mean the rating of senior unsecured debt by the applicable Substitute Rating Agency in effect on such date and (ii) each rating specified in any Loan Document for either Moody's or S&P, as applicable, shall be deemed to be the rating of such Substitute Rating Agency reasonably equivalent to such rating of Moody's or S&P.