Investment Grade Rated definition

Investment Grade Rated means an Applicant with at least one current rating assigned by a Nationally Recognized Rating Agency that is not less than BBB‐ (S&P and Fitch) or Baa3 (Moody’s), as well as no Non‐Investment Grade Rated Credit Ratings from any of the Nationally Recognized Rating Agencies.

Investment Grade Rated means having a Long Term Debt Rating of BBB- or better by S&P, Baa3 or better by Moody’s and BBB- or better by Fitch.

Investment Grade Rated means an Applicant with at least one current rating assigned by a NRRA that is not less than BBB- (S&P and Fitch) or Baa3 (Moody’s), as well as no Non-Investment Grade Rated Credit Ratings from any of the NRRAs.

Examples of Investment Grade Rated in a sentence

• In the case of a Non-Rated Authority or Non-Rated Privately-Owned Water System, a tri-party agreement that includes a municipality or County with an Investment grade rating or a guarantee from an Investment Grade Rated corporate parent, either in a form acceptable to the I-Bank, may be cited and relied upon.

• In the case of a Non-Rated Authority or Non-Rated Privately Owned Water System, a guarantee from an Investment Grade Rated corporate parent or tri-party agreement that includes a municipality with an Investment grade rating, in a form acceptable to the Trust, may be cited and relied upon.

• These Users do not have a Standard and Poor’s credit rating (4 of these Users may have a parent that is Investment Grade Rated).

• The law guarantees Smith the right to practice his faith free from unnecessary interference, including at the moment the State puts him to death.

• The Company's obligation to comply with this covenant will be suspended at any time once the Notes or the Exchange Notes are Investment Grade Rated.

More Definitions of Investment Grade Rated

Investment Grade Rated. The term "Investment Grade Rated" shall mean, with respect to any security, both a rating of such security by Standard & Poor's Ratings Group (or successor entity) of BBB- or better and a rating of such security by Xxxxx'x Investors Service (or successor entity) of Baa3 or better.

Investment Grade Rated means, with respect to the Securities, both a rating of the Securities by S&P of BBB- or higher and a rating of the Securities by Moody's of Baa3 or higher.

Investment Grade Rated means, with respect to any Person on the date of determination, such Person’s current long-term, senior unsecured debt obligations are rated “BBB-” or greater by S&P and “Baa3” or greater by Moody’s.

Investment Grade Rated. New Borrowing Group," and "Notes Restricted Group."

Investment Grade Rated means having a credit rating applicable to long term, unsecured and unsubordinated indebtedness of BBB- or better by Standard & Poor’s Ratings Group and Baa3 or better by Mxxxx’x Investors Service, Inc.

Investment Grade Rated means having a rating of BBB, A, AA or AAA, as modified by any plus or minus indication, or an equivalent successor rating, by S&P or any of its successors or assigns and a rating of Baa, A, Aa or Aaa, as modified by any numerical indication, or an equivalent successor rating, by Moody's or any of its successors or assigns.

Investment Grade Rated means a senior unsecured credit rating of "BBB" or higher (or the equivalent) as determined by Standard & Poor's (or an equivalent national credit rating service). In addition, Tenant may assign its interest in this Lease, without Landlord's prior written consent but with reasonable prior written notice to Landlord, to any corporation or other entity which controls, is controlled by, or is under common control with Tenant, a corporation or other entity will be regarded as in control of another corporation or entity if its owns or controls in excess of 50% of the voting stock or other ownership interest of the other corporation or entity), subject to the prerequisite condition that the corporation or other entity to which Tenant's interest in this Lease would be assigned must demonstrate to the satisfaction of Landlord that: (i) it has financial soundness and capability which is equal to or greater than that of Tenant, (ii) it's net worth is equal to or greater than that of Tenant's immediately preceding such assignment, (iii) the assignee's use of the Premises will be compatible with the provisions of the Lease, and (iv) each and every covenant, condition or obligation imposed upon Tenant by this Lease is assumed by such assignee and each and every right, remedy or benefit afforded Landlord by this Lease is not thereby impaired or diminished.