Credit-Worthy Assignee

Example Definitions of "Credit-Worthy Assignee"
Credit-Worthy Assignee. A Person who, or whose obligations are guaranteed by a Person who, either: (a) has a long-term non credit enhanced corporate credit rating of at least "BB" by Standard & Poors or a corporate family rating of at least "Ba2" by Moody's; or (b) if such Person does not have any long-term unsecured and non credit enhanced debt credit rating by either Standard & Poors or Moody's, has produced to Gatherer information sufficient to demonstrate to the reasonable satisfaction of Gatherer that the... creditworthiness of such Person is equivalent to a Person that possesses such rating. View More
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