S&P Rating definition
S&P Rating means, at any time, the rating issued by S&P 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 S&P for debt securities of such type, then such indicative rating shall be used for determining the “S&P Rating”).
S&P Rating means, at any time, the rating issued by Standard and Poor's Rating Services, a division of The McGraw Hill Companies, Inc., and then in effect with respect to the Company's senior unsecured long-term debt securities without third-party credit enhancement.
S&P Rating means, on any date of determination, the rating most recently announced by S&P with respect to any senior unsecured, non-credit enhanced Debt of the Borrower or, if such rating is not available, the corporate credit rating of the Borrower most recently announced by S&P.
Examples of S&P Rating in a sentence
For any Collateral Loan which has an S&P Rating determined pursuant to clause (iii)(B) of the definition of “S&P Rating”, the Borrower (or the Collateral Manager on behalf of the Borrower) shall prior to or within 30 days after the acquisition of such Collateral Loan apply (and concurrently submit all available Information in respect of such application) to S&P for a credit estimate in accordance with the timing requirements set forth in clause (iii)(B) of the definition of “S&P Rating”.
More Definitions of S&P Rating
S&P Rating. With respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology:
S&P Rating means, at any time, the rating published by S&P of the Borrower’s Index Debt.
S&P Rating is defined in the Pricing Schedule.
S&P Rating means with respect to any Collateral Loan, as of any date of determination, the rating determined in accordance with the following methodology:
S&P Rating means, with respect to a Reference Obligation:
S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.
S&P Rating means, at any time, the then current rating by S&P (including the failure to rate) of the Borrower’s senior, unsecured, non-credit-enhanced long-term indebtedness for money borrowed.