Servicer Rating Condition

Servicer Rating Condition. A condition that will be satisfied if the then current Servicer of the Accounts either (i) has a long-term rating of at least BBB- by Standard & Poor's (if rated by Standard & Poor's), BBB- by Fitch (if rated by Fitch) or Baa3 by Moody's (if rated by Moody's) or (ii) does not have a long-term rating from any Note Rating Agency but has a short-term debt rating of at least A-2 by Standard & Poor's (if rated by Standard & Poor's), F3 by Fitch (if rated by Fitch) or P-2 by Moody's (if rated by... Moody's) View More