Rating Agency Trigger Event. The reduction of the Swap Counterparty's long-term ratings below "A3" or "A-" by Moody's or S&P, respectively.
Rating Agency Trigger Event. The reduction of the Swap Counterparty’s long-term ratings below “A3” by Xxxxx’x and “A-” by Fitch, respectively.
Rating Agency Trigger Event means if the Swap Counterparty Guarantor's long-term rating is not at least "A-" by Fitch or "A3" by Moody's.
More Definitions of Rating Agency Trigger Event
Rating Agency Trigger Event. The Swap Counterparty’s long-term ratings cease to be at least “A (low)” by DBRS or “A3” by Mxxxx’x, respectively.
Rating Agency Trigger Event. The reduction of the Swap Counterparty's long-term and short-term senior unsecured deposit ratings below "Aa3" and "P-1", respectively, by Xxxxx'x, or "AA-" and "F-1", respectively, by Fitch.
Rating Agency Trigger Event. The reduction of either the Class A-2FL Swap Counterparty's long-term ratings below "A-" by Fitch, "A2" by Moody's or "A" by S&P for the Class A-2FL Swap Contract xx xxx xxxuction of either the Class A-MFL Swap Counterparty's long-term ratings below "A-" by Fitch, "A2" by Moody's or "A" by S&P for the Class A-MFL Swap Contract
Rating Agency Trigger Event means, with respect to the Swap Contract, a reduction in the Swap Counterparty's Credit Support Provider's short-term unsecured debt rating (or its equivalent) or long-term unsecured debt rating (or its equivalent) below the ratings specified in the Swap Contract.
Rating Agency Trigger Event shall occur if (i) for so long as the Certificates are rated by S&P, the short-term rating of SRFP and its Credit Support Provider is below, or is withdrawn or downgraded below, “A-1” by S&P, (ii) for so long as the Certificates are rated by Moody’s, the short-term rating of SRFP and its Credit Support Provider is withdrawn or downgraded below “P-1” by Moody’s (or, if SRFP or its Credit Support Provider do not have a short-term rating by Moody’s, the long-term rating of such entity is withdrawn or downgraded below “Aa3” by Moody’s) or (iii) for so long as the Certificates are rated by Fitch, the short-term rating of SRFP and its Credit Support Provider is below, or is withdrawn or downgraded below, “F-1” by Fitch. The lowest ratings which will not result in a Rating Agency Trigger Event shall constitute the “Approved Ratings Thresholds.”
Rating Agency Trigger Event. The reduction of the Class A-FL Swap Counterparty’s long-term ratings below “[__]” by [_____] for the Class A-FL Swap Contract.
Rating Agency Trigger Event means if the Swap Counterparty Guarantor's long-term rating is not at least "A" by S&P or "A3" by Moody's.