Investment Grade Obligations definition

Investment Grade Obligations means, as of any date, investments having an NAIC investment rating of 1 or 2, or a Standard & Poor's rating within the range of ratings from AAA to BBB-, or a ▇▇▇▇▇'▇ rating within the range of ratings from Aaa to Baa3.
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Investment Grade Obligations means obligations rated BBB or higher by Standard and Poor's or rated in an equivalent category by any other rating agency nationally recognized in the United States or obligations that are senior to or rank pari passu with long-term securities or financial instruments of the same issuer that are so rated.
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Investment Grade Obligations means, as of any date, investments having a National Association of Insurance Commissioners investment rating of 1 or 2, or a S&P rating within the range of ratings from AAA to BBB-, or a Moody's rating within the range of ratings from Aaa to Baa3.
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More Definitions of Investment Grade Obligations

Investment Grade Obligations means an investment instrument suitable for purchase by institutional investors under the prudent person rule. Investment grade is restricted to those rated BBB or higher by a credit rating agency.
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Investment Grade Obligations means, as of any date for each Insurance Subsidiary, Investments having an NAIC investment rating of 1 or 2, or a Standard & Poor’s rating within the range of ratings from AAA to BBB-, or a Moody’s rating within the range of ratings from Aaa to Baa3.
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Related to Investment Grade Obligations

  • Investment Grade Account Debtor means an Account Debtor with a long term issuer rating of no less than Baa3 from ▇▇▇▇▇’▇ or BBB- from S&P.

  • Investment Grade Securities means:

  • 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 Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to ▇▇▇▇▇’▇, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

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