Rating I, Rating II and Rating III

Rating I, Rating II and Rating III. The respective Ratings set forth below: Rating Category Moody's S&P Rating I greater than or equal to Baa2 greater than or equal to BBB Rating II equal to Baa3 equal to BBB- Rating III lower than or equal to Ba1 lower than or equal to BB+ If different Ratings Categories are applicable, the higher Ratings Category shall apply unless one of the two Ratings is two or more levels lower than the other, in which case the Ratings Category shall be the level immediately below that of the higher of the... two Ratings. View More