Moody’s Weighted Average Rating Factor definition
Moody’s Weighted Average Rating Factor. An amount determined by (i) summing the products obtained by multiplying the Principal Balance of each Loan Obligation (excluding Defaulted Obligations) by its ▇▇▇▇▇’▇ Rating Factor and (ii) dividing such sum by the aggregate outstanding Principal Balance of all such Loan Obligations and rounding the result up to the nearest whole number.
Moody’s Weighted Average Rating Factor. The number (rounded up to the nearest whole number) determined by the following calculation: The Principal Balance of each Collateral Obligation (excluding any Current Pay Obligation and Defaulted Obligation) X The ▇▇▇▇▇'▇ Rating Factor of such Collateral Obligation (as described above) The Aggregate Principal Balance of all such Collateral Obligations.
Moody’s Weighted Average Rating Factor. As of any date of determination with respect to all Eligible Loans, the number (rounded up to the nearest whole number) determined by:
More Definitions of Moody’s Weighted Average Rating Factor
Moody’s Weighted Average Rating Factor and the Weighted Average Rating Factor resulting from the application of the credit ratings assigned and published by S&P being the “S&P Weighted Average Rating Factor”). Should either S&P or Moody’s not publishes a rating for a Reference Obligation, the equivalent of the other rating agency’s rating shall be substituted. If neither S&P nor Moody’s publish a rating for a Reference Obligation, each such unrated Reference Obligation shall be deemed to have a rating of “WR” by Moody’s and a rating of “NR” by S&P.