Examples of Recognised Statistical Rating Organisation in a sentence
During the term of any repurchase agreement, the creditworthiness of the seller will be monitored by the Investment Manager to ensure that the seller has a minimum credit rating of A1 from a Nationally Recognised Statistical Rating Organisation (“NRSRO”).
NRSRO Nationally Recognised Statistical Rating Organisation (i.e. credit rating agencies registered with the U.S. Securities and Exchange Commission), including, but not limited to, Moody’s, Standard & Poor’s and Fitch.
However, You may request for Increase in Basic Sum Assured or Rider Sum Assured, or Add new Riders.Manager means and includes all investment managers of the ILP sub- funds or an ILP sub-fund.Moody’s means the rating agency Moody’s.NRSRO means Nationally Recognised Statistical Rating Organisation.
As regards credit rating agencies, in USA, Nationally Recognised Statistical Rating Organisation (NRSRO) has initiated a number of steps to assure the independence and objectivity of the rating process.
The Fund may invest up to 10% of its assets in nonconvertible debt securities rated Baa1 or below and BBB+ or below by a Nationally Recognised Statistical Rating Organisation (“NRSRO”) designated by the Investment Adviser or unrated but determined by the Investment Adviser to be of equivalent quality.
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However, it is not accredited as a Nationally Recognised Statistical Rating Organisation (“NRSRO”), so it could be perceived to have less credibility than the other major rating agencies, which do have this accreditation.