Rating II definition

Rating II. “Rating III”, “Rating IV” and “Rating V”: the respective Ratings set forth below: RatingCategory S&P Xxxxx’x Rating I greater than or equal to A- greater than or equal to A3 Rating II equal to BBB+ equal to Baa1 Rating III equal to BBB equal to Baa2 Rating IV equal to BBB- equal to Baa3 Rating V less than BBB- less than Baa3 provided that (i) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings (i.e., the Rating Category designated by a numerically higher Roman numeral) is one Rating Category lower than the higher of such Ratings, then the Rating Category of the higher of such Ratings shall be applicable for such day, (ii) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings is more than one Rating Category lower than the higher of such Ratings, then the Rating Category next lower from that of the higher of such Ratings shall be applicable for such day, (iii) if on any day the Rating of only one of the Rating Agencies is available, then the Rating Category determined by such Rating shall be applicable for such day and (iv) if on any day a Rating is available from neither of the Rating Agencies, then Rating V shall be applicable for such day. Any change in the applicable Rating Category resulting from a change in the Rating of a Rating Agency shall become effective on the date such change is publicly announced by such Rating Agency.
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Rating II applies on any day on which (i) the S&P Rating is A- or above or the Moodx'x Xxxing is A3 or above and (ii) Rating I does not apply.
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Rating II. “Rating III”, “Rating IV” and “Rating V”: the respective Ratings set forth below: Rating Category S&P Xxxxx’x Rating I greater than or equal to AA- greater than or equal to Aa3 Rating II equal to A+ equal to A1 Rating III equal to A equal to A2 Rating IV equal to A- equal to A3 Rating V equal to or less than BBB+ equal to or less than Baa1 ; provided, that (i) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings (i.e., the Rating Category designated by a numerically higher Roman numeral) is one Rating Category lower than the higher of such Ratings, then the Rating Category of the higher of such Ratings shall be applicable for such day,
Sample 1

Examples of Rating II in a sentence

  • The expected risk in veterinary biologics risk assessment (Gay, C.G. & Orr, R.L., 1994) is calculated using the following information: Likelihood “Low” LL = 1.00 Consequence “Low” CL = 1.00 Degree of Certainty Rating II (Degree of Certainty Rating I is used only when the likelihood is rated medium or high and the consequence is rated medium or high).

  • There likely is variation between the states on what is above and below the line.

  • The object of the declaration described above is in conformity with the relevant Union harmonisation legislation: ATEX Directive 2014/34/EU ATEX Rating: II 2G Ex h IIB T4 Gb X This declaration applies to the pump when using the Watson-Marlow tubing stated within the pumphead manual and in accordance with the operating instructions provided in the manual.

  • The draft decision specifies that according to article 7 of the Albanian Public Procurement Law procurement of Credit Rating II service is allowed to be performed using procedures that are different from those provided in the Law.

  • Rating II: An unusual performance in many respects, but not worthy of the highest rating due to minor defects in performance, ineffective interpretation, or improper instrumentation.

  • The pandemic has also significantly affected minoritised ethnic communities, young people and those with disabilities.

  • If the Swap Counterparty regains at least the Swap Required Rating II, the requirement to collateralise up to the aggregate Mismatch Amount will be limited to a maximum of one per cent.

  • Following the feedback received regarding the Consultation Document, PWG members agree to the proposals made and consider that the Credit Rating II document is a valid precedent for the new draft decision covering the procurement of other financial services associated with public borrowing.

  • The draft decision specifies that, according to article 7 of the Albanian Public Procurement Law, procurement of Credit Rating II service is allowed to be performed using procedures that are different from those provided in the Law.

  • This resource is considered to be of Field Rating II, a protected buffer zone must be considered, these resources must be maintained in situ and a CMP must be recommended for the in situ conservation of the resource; 15Designation of final field-rating or proposed grading for the heritage resource based on the above factors.


More Definitions of Rating II

Rating II. Rating III", "Rating IV" and "Rating V" below: Rating I greater than or equal to A- by S&P AND A3 by Moodx'x Rating II equal to BBB+ by S&P and Baal by Moodx'x --- Rating III equal to BBB by S&P and Baa2 by Moodx'x --- Rating IV equal to BBB- by S&P and Baa3 by Moodx'x --- Rating V equal to or less than BB+, or unrated, by S&P or Ba1, or unrated, by Moody's PROVIDED that in the event that at any time the Rating of one Rating Agency differs from the Rating of the other Rating Agency then in effect (i) by two increments or more, the applicable Rating Level shall be that which would apply to a Rating one increment lower than the higher of the Moodx'x Xxxing and the S&P Rating or (ii) by one increment, the applicable Rating Level shall be that which would apply to the higher of the Moodx'x Xxxing and the S&P Rating.
Sample 1

Related to Rating II

  • Rating means the operating limits as specified by the component manufacturer.

  • Moody’s means Xxxxx’x Investors Service, Inc. and any successor thereto.

  • DBRS means DBRS, Inc., and its successors in interest.

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Ratings As of any date of determination, the ratings, if any, of the Certificates as assigned by the Rating Agencies.

  • Rating Agency Declination As defined in the definition of “Rating Agency Confirmation” in this Agreement.

  • Corporate Rating means, as of any date of determination, the non-credit enhanced corporate credit rating of a Person (as determined by either S&P or Xxxxx'x).

  • Companion Loan Rating Agency Declination As defined in the definition of “Companion Loan Rating Agency Confirmation” in this Agreement.

  • Companion Loan Rating Agency Confirmation With respect to any matter involving the servicing and administration of a Serviced Companion Loan or any related REO Property as to which any Serviced Companion Loan Securities exist, confirmation in writing (which may be in electronic form) by each applicable Companion Loan Rating Agency that a proposed action, failure to act or other event so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class of such Serviced Companion Loan Securities (if then rated by the Companion Loan Rating Agency); provided that upon receipt of a written waiver or other acknowledgment from the Companion Loan Rating Agency indicating its decision not to review or declining to review the matter for which the Companion Loan Rating Agency Confirmation is sought (such written notice, a “Companion Loan Rating Agency Declination”), or as otherwise provided in Section 3.30 of this Agreement, the requirement for the Companion Loan Rating Agency Confirmation from the applicable Companion Loan Rating Agency with respect to such matter shall not apply.

  • Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

  • Moody s” means Moody’s Investors Service, Inc.

  • Rating Decline means a decrease in the rating of the Notes by either Xxxxx’x or S&P by one or more gradations (including gradations within Rating Categories as well as between Rating Categories). In determining whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories, namely + or – for S&P, and 1, 2, and 3 for Xxxxx’x, will be taken into account; for example, in the case of S&P, a rating decline either from BB+ to BB or BB- to B+ will constitute a decrease of one gradation.

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Rating Agency means only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Ratings Spread means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Rating Agency Confirmation means, with respect to any Securitization, a confirmation in writing (which may be in electronic form) by each of the applicable Rating Agencies for such Securitization that the occurrence of the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the securities issued pursuant to such Securitization that are then outstanding. If no such securities are outstanding with respect to any Securitization, any action that would otherwise require a Rating Agency Confirmation shall instead require the consent of the Controlling Note Holder, which consent shall not be unreasonably withheld or delayed. For the purposes of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise engage any request for Rating Agency Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement, and any requirement hereunder to obtain a Rating Agency Confirmation from any Rating Agency may be satisfied or deemed in the same manner that a Rating Agency Confirmation requirement may be satisfied or deemed satisfied under the Lead Securitization Servicing Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating Agency Confirmation hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

  • Fitch means Fitch Ratings, Inc.

  • Rating Category means one of the generic rating categories of any Rating Agency without regard to any refinement or gradation of such rating by a numerical modifier or otherwise.

  • Rating Confirmation means evidence that no Senior Bond rating in effect from a Rating Agency will be withdrawn or reduced solely as a result of an action to be taken under the Indenture.

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Initial Rating With respect to the Secured Notes, the rating or ratings, if any, indicated in Section 2.3.

  • S&P Global Ratings means S&P Global Ratings, a division of S&P Global.

  • Fitch Rating means, at any time, the rating issued by Fitch and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from Fitch for debt securities of such type, then such indicative rating shall be used for determining the “Fitch Rating”).