Investment Grade Issuer definition

Investment Grade Issuer means a bank, financial institution or credit insurer, as the case may be, that is acceptable to the Administrative Agent in its discretion, is rated Investment Grade and is not an Affiliate of the Borrower.
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Investment Grade Issuer means any issuer with a long term credit rating of BBB- or above if granted by S&P or Fitch, or Baa- or above if granted by Moody’s, as determined by the Calculation Agent.
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Related to Investment Grade Issuer

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Investment Grade Securities means:

  • Investment Grade Rating Date means the date on which the Borrower first obtains an Investment Grade Rating.

  • Investment Grade Ratings means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, provided that no negative watch is placed on such rating.

  • Investment Grade Rating means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.