Examples of Recognised Rating Agency in a sentence
A Fund may invest in high yield (i.e. non-investment grade) debt securities – these are generally considered to be bonds with a rating from a Recognised Rating Agency lower than BBB-.
CashThe Company invests in cash management units with the Mutual Trust Cash Management Fund and cash deposits with Australian banks, with a direct or underlying AA- credit rating assigned by Standard & Poor’s, being a Recognised Rating Agency.
Therefore, although any counterparty with whom a Fund enters into an OTC FDI transaction will be rated at or in excess of the requirements of the Central Bank by a Recognised Rating Agency and the Fund may further reduce its exposure to the counterparty through the use of collateral, the Fund will be subject to the risk that the counterparty will not perform its obligations under the transactions.
CashThe company invests in short term bank backed securities, cash management units with the MF Cash Management Fund and cash deposits with Australian banks, with a direct or underlying AA or A-1 credit rating assigned by Standard & Poor’s, being a Recognised Rating Agency.
CashThe company invests in cash management units with the MF Cash Management Fund and cash deposits with Australian banks, with a direct or underlying AA- credit rating assigned by Standard & Poor’s, being a Recognised Rating Agency.