Eligible rating means a credit rating of any of the three highest rating categories provided by an eligible rating service, whereby each category may include rating modifiers such as “plus” or “minus” for S&P, or the equivalent for any other eligible rating service. Long‑term credit ratings are considered to be eligible if the rating is equal to A‑ or higher by S&P, or the equivalent from any other eligible rating service. Short‑term credit ratings are deemed eligible if the rating is equal to or higher than A‑2 or SP‑2 by S&P, or the equivalent from any other eligible rating service. In the event that ratings differ among eligible rating services, the highest rating shall apply when determining whether a security bears an eligible rating.
Eligible rating means a credit rating of any of the three highest rating categories provided by an eligible rating service, whereby each category may include rating
Eligible rating means a credit rating of any of the 3
Examples of Eligible rating in a sentence
According to Department policy, the hiring authority may proceed with the hiring process once a background screening with an "Eligible" rating is received, an exemption from disqualification has been granted to an applicant with a disqualifying offense, and the applicant has successfully passed the assessment for direct-care positions.
More Definitions of Eligible rating
Eligible rating means a rating assigned to such securities by S&P and being at least equal to (i) the then-current rating of the Relevant Notes or (ii) in the event that the Relevant Notes have been downgraded by S&P as a result of a failure by Party A to perform any of its obligations under this Agreement, then the rating of the Notes immediately prior to such downgrade.
Eligible rating means a credit rating of any of the three highest
Eligible rating means a sufficiently high
Eligible rating means a credit rating from any of the three
Eligible rating means a credit rating from any of the three highest rating categories provided by an eligible rating service. Each rating category may include rating category modifiers such as plus or minus for Standard & Poor or the equivalent for any other eligible rating service. "Eligible rating" shall be determined as follows:
Eligible rating means a short-term or long-term credit rating
Eligible rating means a prescribed rating given by a prescribed rating agency or prescribed ratings given by different prescribed rating agencies;