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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 Borrower'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

  • A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with an S&P Rating of "CCC+" or lower.

  • A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with an S&P Rating of “CCC+” or lower.

  • A Collateral Obligation (other than a Defaulted Obligation or a Deferring Security) with an S&P Rating of “CCC+” or lower.

  • A Collateral Obligation (other than a Defaulted Obligation) with an S&P Rating of “CCC+” or lower.

  • The Majority Lenders determination of Market Value shall be conclusive upon the parties absent manifest error.


More Definitions of S&P Rating

S&P Rating means, at any time, the rating published by S&P of the Borrower’s Index Debt.
S&P RatingWith respect to any Collateral Obligation, as of any date of determination, the rating determined in accordance with the following methodology:
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, 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 rating issued by S&P and then in effect with respect to the Company’s senior unsecured long-term debt securities without third-party credit enhancement.