Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.
Investment Grade means a rating of Baa3 or better by Xxxxx’x (or its equivalent under any successor rating categories of Xxxxx’x) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.
Investment Grade means a rating of “BBB–” or better by S&P (or its equivalent under any successor rating category of S&P), a rating of “Baa3” or better by Moody’s (or its equivalent under any successor rating category of Moody’s) and a rating of “BBB–” or better by Fitch (or its equivalent under any successor rating category of Fitch).
Examples of Investment Grade in a sentence
Notwithstanding the foregoing, if a Rating Agency withdraws its ratings or downgrades the ratings assigned to the Notes of a series such that the Notes of such series no longer have an Investment Grade Rating from at least one Rating Agency, the foregoing covenants shall be reinstated as of and from the date of such rating decline (the “Reversion Date”) with respect to the Notes of such series.
Notwithstanding the foregoing, if a Rating Agency withdraws its ratings or downgrades the ratings assigned to the Notes such that the Notes no longer have an Investment Grade Rating from at least one Rating Agency, the foregoing covenants shall be reinstated as of and from the date of such rating decline (the “Reversion Date”).
More Definitions of Investment Grade
Investment Grade means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch) and BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) (or, in each case, if such Rating Agency ceases to rate the Notes for reasons outside of the Company’s control, the equivalent investment grade credit rating from any Rating Agency selected by the Company as a replacement Rating Agency).
Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P); and a rating of BBB- or better by Fitch (or its equivalent under any successor rating category of Fitch).
Investment Grade means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P.
Investment Grade means a rating of Baa3 or better by Xxxxx’x (or its equivalent under any successor rating category of Xxxxx’x) and a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P), and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the Company under the circumstances permitting the Company to select a replacement agency and in the manner for selecting a replacement agency, in each case as set forth in the definition of “Rating Agency.”
Investment Grade means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s; a rating equal to or higher thanBBB- (or the equivalent) by S&P or Fitch; and the equivalent investment grade credit rating from any Replacement Rating Agency or Rating Agencies selected by the Company.
Investment Grade means (i) “BBB-” or higher by S&P; (ii) “Baa3” or higher by Xxxxx’x, or (iii) the equivalent of such ratings by S&P or Xxxxx’x, or of another Nationally Recognized Statistical Ratings Organization.
Investment Grade means a rating of BBB– or better by Fitch (or its equivalent under any successor rating category of Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating category of Moody’s) and a rating of BBB– or better by S&P (or its equivalent under any successor rating category of S&P), and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the Company under the circumstances permitting the Company to select a replacement agency.