Required Rating means a short-term unsecured debt rating of “A-1+” by S&P Global Ratings and “F1+” by Fitch.
Required Rating means, in the case of Moody's, the rating assigned to the Underlying Securities by Moody's as of the Closing Date, and, in the case of S&P, the rating assigned to the Underlying Securities by S&P as of the Closing Date.
Required Rating means a rating on (i) short-term unsecured debt obligations of P-1 by Moody's and (ii) short-term unsecured debt obligations of A-1+ by Standard & Poor's; and any requirement that short-term unsecured debt obligations have the "Required Rating" shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such Rating Agencies.
Examples of Required Rating in a sentence
In case of a termination as a result of the Account Bank's short-term or long-term ratings falling below the Account Bank Required Rating or the Account Bank failing to obtain or maintain an Account Bank Required Guarantee, the outgoing Account Bank shall reimburse the Issuer for the costs (including legal costs and administration costs) or pay any costs incurred for the purpose of appointing a Successor Bank up to an amount of GBP 15,000 (the "Account Bank Replacement Cost").
The insurances required to be procured and maintained under each of clauses 13.1(a), 13.1(b) and 13.1(c)(i) must be maintained with an insurance company that has a Required Rating.
More Definitions of Required Rating
Required Rating means, with respect to any entity, that such entity (or the parent of such entity) meets at all times the ratings criteria acceptable to each Rating Agency rating the Notes, so as to preclude a downgrade of the Notes and/or credit watch of the Notes with negative implications.
Required Rating means a rating on commercial paper or other short term unsecured debt obligations of F1 or A by Fitch so long as Fitch is a Rating Agency and A-1+ by S&P Global Ratings so long as S&P Global Ratings is a Rating Agency; and any requirement that deposits or debt obligations have the “Required Rating” shall mean that such deposits or debt obligations have the foregoing required ratings from Fitch and S&P Global Ratings.
Required Rating has the meaning set forth in Section 4.1(d)(vi).
Required Rating means, for short-term unsecured debt obligations, a rating of (a) "P-1" from Moody's and (b) "A-1" from Standard & Poor's.
Required Rating. With respect to any Series (or Class within such Series), the rating category (or categories) specified in the Series Supplement that, as a condition to the issuance of such Series or Class, is (or are) the lowest category (or categories) in which the Certificates of such Series or Class may be categorized by the Rating Agency.
Required Rating means, with respect to any entity, that such entity (or the parent of such entity) has a rating of at least BBB- by Standard & Poor's and at least Baa3 by Moody's.
Required Rating means (i) a rating of not less than “A-1” (or its equivalent) from each of the Rating Agencies if the term of such Letter of Credit is no longer than three (3) months or if the term of such Letter of Credit is in excess of three (3) months, a rating of not less than “AA-” (or its equivalent) from each of the Rating Agencies or (ii) such other rating with respect to which Lender shall have received a Rating Agency Confirmation.