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 Xxxxx'x rating within the range of ratings from Aaa to Baa3.
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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 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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Examples of Investment Grade Obligations in a sentence

  • Dominion Bond Rating Service (DBRS) Investment Grade Obligations RatingDefinitionAAAHighest rating possible where the capacity to pay interest and repay principal is extremely strong.AAHas a very strong capacity to pay interest and principal and differs from AAA to a small degree.AHas a very strong capacity to pay interest and principal, but more susceptible to adverse developments than those with higher ratings.BBBAverage to adequate capacity to pay interest and principal.


More Definitions of Investment Grade Obligations

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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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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Related to Investment Grade Obligations

  • 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 Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • 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.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Secured Swap Obligations means all amounts and other obligations owing to any Secured Swap Party under any Secured Swap Agreement (other than Excluded Swap Obligations).