Credit Rating

Credit Rating. Means, with respect to any person and on any date of determination, ratings then assigned by Standard & Poor's or Moody's to such person's unsecured, senior long-term debt or deposit obligations (not supported by third party credit enhancement).

Credit Rating. Means a letter, number, symbol, description, phrase or other indicator denoting a level of credit quality, an assessment of credit related elements, an evaluation of a debtor's ability to perform or an insurance company's claims paying ability. A Credit Rating may be assigned to debt or similar obligations (including but not limited to corporate, municipal, sovereign, asset backed or other structured obligations, commercial properties, residential mortgages, partnerships and individuals),... preferred stock, claims paying ability of insurance companies, guaranty companies, bonding or similar companies where the ability to perform or a Credit Rating element is involved. A Credit Rating is not a recommendation to buy, sell or hold a security or other obligation. A Credit Rating may be a preliminary or final indicator of credit quality. View More