Fitch Rating Factor. In respect of any Collateral Obligation, the number set forth in the table below opposite the Fitch Rating in respect of such Collateral Obligation: Fitch Rating Fitch Rating Factor AAA 0.19 AA+ 0.35 AA 0.64 AA- 0.86 A+ 1.17 A 1.58 A- 2.25 BBB+ 3.19 BBB 4.54 BBB- 7.13 BB+ 12.19 BB 17.43 BB- 22.80 B+ 27.80 B 32.18 B- 40.60 CCC+ 62.80 CCC 62.80 CCC- 62.80 CC 100.00 C 100.00 D 100.00
Fitch Rating Factor means, for any Loan with a Fitch Rating, the percentage set forth below under the heading “Fitch Rating Factor” across from the Fitch Rating of such Loan or, in the case of a rating assigned by Fitch at the request of the Issuer (or the Servicer on behalf of the Issuer), the Fitch Rating Factor as assigned by Fitch. Fitch Rating of Loan Fitch Rating Factor AAA 0.19% AA+ 0.57% AA 0.89% AA- 1.15% A+ 1.65% A 1.85% A- 2.44% BBB+ 3.13% BBB 3.74% BBB- 7.26% BB+ 10.18% BB 13.53% BB- 18.46% B+ 22.84% B 27.67% B- 34.98% CCC+ 43.36% CCC 48.52% CC 77.00% C 95.00% DDD-D 100.00%
Fitch Rating Factor means, for the purpose of computing the Fitch Weighted Average Rating Factor, with respect to any Collateral Debt Security or Eligible Investment on any relevant date, the number set forth in the table below opposite the Fitch Rating of such Collateral Debt Security or Eligible Investment: Fitch Rating Fitch Rating Factor Fitch Rating Fitch Rating Factor AAA .019 BB 13.53 AA+ .057 BB- 18.46 AA .089 B+ 22.84 AA- 1.15 B 27.67 A+ 1.65 B- 34.98 A 1.85 CCC+ 43.36 A- 2.44 CCC 48.52 BBB+ 3.13 CC 77.00 BBB 3.74 C 95.00 BBB- 7.26 DDD-D 100.00 BB+ 10.18
Examples of Fitch Rating Factor in a sentence
The Rating Factor means for the purposes of computing the Weighted Average Fitch Rating Factor, the number assigned below to the applicable Rating of each Collateral Debt Obligation.
If such Reference Obligation or Collateral Securities does not have a public rating assigned by Fitch but has a public rating assigned by Moody’s and S&P, then if the Moody’s rating is at Ba1 or below or the S&P rating is at BB+ or below, then the Fitch Rating Factor will be equal to the arithmetic average between the Fitch Rating Factor of the Fitch Equivalent Rating of the Moody’s rating and the Fitch Rating Factor of the Fitch Equivalent Rating of the S&P rating.
The “Collateral Quality Tests” will consist of the Weighted Average Rating Factor Test, the Moody’s Diversity Test, the Weighted Average Life Test, the Weighted Average Coupon Test, the Weighted Average Spread Test, the Weighted Average Recovery Rate Test, the Weighted Average Fitch Rating Factor Test and the Standard & Poor’s CDO Monitor Test.
More Definitions of Fitch Rating Factor
Fitch Rating Factor. The meaning specified in Schedule 7.
Fitch Rating Factor means, for the purpose of computing the Fitch Weighted Average Rating Factor, with respect to any Collateral Interest not classified as a Fitch Hypertranched Collateral Interest on any relevant date, the number set forth in the table below opposite the Fitch Rating of such Collateral Interest. With respect to any Collateral Interest classified as a Fitch Hypertranched Collateral Interest on any relevant date, the number set forth in the table below opposite the Fitch Rating applied to the principal balance of the series of tranches provided by Fitch for such Fitch Hypertranched Collateral Interest. BB+ 10.18
Fitch Rating Factor. In respect of any Collateral Obligation, the number set forth in the table below opposite the Fitch Rating in respect of such Collateral Obligation: Fitch Rating Fitch Rating Factor AAA 0.136 AA+ 0.349 AA 0.629 AA- 0.858 A+ 1.237 A 1.572 A- 2.099 BBB+ 2.630 BBB 3.162 BBB- 6.039 BB+ 8.903 BB 11.844 -38- Fitch Rating Fitch Rating Factor BB- 15.733 B+ 19.627 B 23.671 B- 32.221 CCC+ 41.111 CCC 50.000 CCC- 63.431 CC 100.000 C 100.000
Fitch Rating Factor means the number assigned to the Fitch Rating applicable to each Collateral Security and Replacement Collateral Security.
Fitch Rating Factor means, for any Loan with a Fitch Rating, the number set forth below under the heading “Fitch Rating Factor” across from the Fitch Rating of such Loan or, in the case of a rating assigned by Fitch at the request of the Issuer (or the Servicer on behalf of the Issuer), the Fitch Rating Factor as assigned by Fitch. Fitch Rating of Loan Fitch Rating Factor AAA 0.19 AA+ 0.57 AA 0.89 AA- 1.15 21 Fitch Rating of Loan Fitch Rating Factor A+ 1.65 A 1.85 A- 2.44 BBB+ 3.13 BBB 3.74 BBB- 7.26 BB+ 10.18 BB 13.53 BB- 18.46 B+ 22.84 B 27.67 B- 34.98 CCC+ 43.36 CCC 48.52 CC 77.00 C 95.00 DDD-D 100.00
Fitch Rating Factor means, for purposes of computing the Fitch Weighted Average Rating Factor, the number assigned below to the Fitch Rating applicable to each Collateral Debt Security. [**] CONFIDENTIAL TREATMENT REQUESTED FITCH FITCH RATING RATING FITCH RATING FACTOR FITCH RATING FACTOR -------------------- ----------- -------------- --------------- AAA 1.30 BBB- 20.00 AA+ 2.00 BB+ 37.00 AA 2.30 BB 43.50 AA- 3.30 BB- 46.50 A+ 4.00 B+ 50.00 A 5.00 B 52.20 A- 7.50 B- 65.00 BBB+ 10.00 CCC+ 90.00 BBB 14.00 CCC 100.00
Fitch Rating Factor. With respect to any Collateral Debt Security on any Measurement Date, the number set forth in the table below opposite the Fitch Rating of such Collateral Debt Security: FITCH FITCH RATING FITCH FITCH RATING RATING FACTOR RATING FACTOR ------ ------------ ------ ------------ AAA 0.19 BB 13.53 AA+ 0.57 BB- 18.46 AA 0.89 B+ 22.84 AA- 1.15 B 27.67 A+ 1.65 B- 34.98 A 1.85 CCC+ 43.36 A- 2.44 CCC 48.52 BBB+ 3.13 CC 77.00 BBB 3.74 C 95.00 BBB- 7.26 DDD-D 100.00 BB+ 10.18 With respect to any Collateral Debt Security on any Measurement Date classified as a Fitch Hypertranched Collateral Debt Security, the number set forth in the table below opposite the Fitch credit assessment applied to the principal balance of the series of tranches provided by Fitch for such Fitch Hypertranched Collateral Debt Security: FITCH CREDIT FITCH RATING FITCH FITCH RATING ASSESSMENT FACTOR RATING FACTOR ---------- ------------ ------ ------------ AAA 0.19 BB 13.53 AA+ 0.57 BB- 18.46 AA 0.89 B+ 22.84 AA- 1.15 B 27.67 A+ 1.65 B- 34.98 A 1.85 CCC+ 43.36 A- 2.44 CCC 48.52 BBB+ 3.13 CC 77.00 BBB 3.74 C 95.00 BBB- 7.26 DDD-D 100.00 BB+ 10.18