Published Credit Rating definition

Published Credit Rating means, with respect to any Person, the unsecured, senior long-term debt rating (not supported by any third party credit enhancement) of such Person or, if there is no such rating, the long-term issuer rating of such Person, in each case assigned by S&P or its successor or Moody’s or its successor. In the event of a “split” rating between S&P and Moody’s, the lower of the two credit ratings will apply.

Published Credit Rating means, with respect to any Person, on any date of determination, the qualifying public issuer or debt credit rating by S&P or Moody’s as applicable, as further described in Appendix F, each as published on such agency's respective Web page. No private or unpublished ratings will be accepted.

Examples of Published Credit Rating in a sentence

• If Seller has a Published Credit Rating, the CET Credit Rating will, in most cases, be equivalent to such Published Credit Rating.

• In addition, the letter of credit must be issued and maintained during its term by a U.S. commercial bank or the U.S. branch office of a foreign bank that, in either case, has a Published Credit Rating of at least A- from S&P and A3 from Moody’s and total assets of at least $10 billion (an amount subject to periodic adjustment in PPA transactions, as set forth in the Model PPA).

• The letter of credit must be issued by a U.S. commercial bank or the U.S. branch office of a foreign bank that (in either case) has a Published Credit Rating of at least A- from S&P and A3 from Moody’s and that has total assets of at least $10 billion.

• The following Threshold Requirements are the “Credit Assessment Threshold Requirements”:  Bidder must provide the most recent Published Credit Rating of Bidder or, if different from Bidder, Seller (from S&P and Moody’s), to the extent such a rating exists.

• In addition, the letter of credit must be issued and maintained during its term by a U.S. commercial bank or the U.S. branch office of a foreign bank that, in either case, has a Published Credit Rating of at least A- from S&P and A3 from Moody’s and total assets of at least $10 billion (an amount subject to periodic adjustment in PPA transactions, as set forth in the applicable Model PPA).

• The letter of credit must be issued by a U.S. commercial bank or the U.S. branch office of a foreign bank that (in either case) has a Published Credit Rating of at least A from S&P and A2 from Moody’s and will be in form substantially similar to the form letter of credit attached as Annex E-1.

• The letter of credit must be issued by a U.S. commercial bank or theU.S. branch office of a foreign bank that (in either case) has a Published Credit Rating of at least A from S&P and A2 from Moody’s and will be in form substantially similar to the form letter of credit attached as Annex F-1.

• The following Threshold Requirements are the “Credit Assessment Threshold Requirements”: Bidder must provide the most recent Published Credit Rating of Bidder or, if different from Bidder, Seller (from S&P and Moody’s), to the extent such a rating exists.

• The letter of credit must be issued by a U.S. commercial bank or the U.S. branch office of a foreign bank that (in either case) has a Published Credit Rating of at least A- from S&P and A3 from Moody’s and total assets of at least $10 billion.Such letter of credit will be in a form substantially similar to the form letter of credit attached as Annex F-1.

• The letter of credit must be issued by a U.S. commercial bank or the U.S. branch office of a foreign bank that (in either case) has a Published Credit Rating of at least A- from S&P and A3 from Moody’s and total assets of at least $10 billion.