Equivalent Rating definition
Equivalent Rating means in the case of any security not rated by S&P or Moody’s an equivalent rating to the relevant rating by S&P or Moody’s, which rating is issued by another Rating Agency as determined by the Investment Manager;
Equivalent Rating as defined in the definition of “Applicable Margin”.
Equivalent Rating means with specific reference to senior debt ratings (or equivalent):
Examples of Equivalent Rating in a sentence
In respect of any reference to a rating downgrade by DBRS, a party will be treated as having being downgraded by DBRS if: (i) such party is or has been rated by DBRS and such rating has been lowered or withdrawn; or (ii) such party is not rated by DBRS but ceases to have a DBRS Equivalent Rating.
As mentioned above, the Fund intends to invest on a long basis in fixed income securities denominated in multiple currencies, including bonds of at least Investment Grade or an Equivalent Rating (both sovereign and corporate and fixed and floating rate).
MOTOR Details Make:CG /Kirloskar(TEFC) /Equivalent Rating: 100HP/75KW Voltage:415 Volts+/- 10 % ,Three phase Fully automatic star delta seimens make startar control panel suitable for 75 KW motor.
More Definitions of Equivalent Rating
Equivalent Rating means, in respect of a rating from a Rating Agency, the equivalent thereof resulting from any change in the rating system of such Rating Agency.
Equivalent Rating means an equivalent rating as determined by the Relevant Rating Agency.
Equivalent Rating means in the case of any security not rated by S&P or Moody’s an equivalent rating to the relevant rating by S&P
Equivalent Rating means, with respect to any security of a given type that is not rated by S&P or ▇▇▇▇▇’▇ (an “unrated security”), such unrated security has been determined, in the reasonable judgment of the Investment Adviser, to be of equal credit quality as a rated security of the same type which is valued similarly as such unrated security, after giving effect to clause (1) of the proviso contained in the defined term “Borrowing Base”.
Equivalent Rating means a senior unsecured long-term debt rating of an NRSRO, which rating is (i) requested by a Borrower as an alternative to a rating from S&P, (ii) acceptable to the Agent in its sole discretion, and (iii) equivalent to the Level I Rating, Level II Rating, Level III Rating or Level IV Rating, as the case may be, from S&P, as determined by the Agent, subject to the approval of the Required Banks.
Equivalent Rating means the rating by ▇▇▇▇▇’▇, Fitch or S&P that is set forth below under the applicable heading opposite the applicable “KBRA Rating” listed below.