Define: Highest Rating
Highest Rating means the highest possible rating from Moody's (P-1 or Aaa) or S&P (A-1+ or AAA) that won't cause a Ratings Event.
Highest Rating means the highest possible rating from Moody's (P-1 or Aaa) or S&P (A-1+ or AAA) that won't cause a Ratings Event.
Relevant Circumstances
- When a business entity is borrowing or lending money.
- When a company is issuing bonds or securities.
- When determining rates for financial transactions based on creditworthiness.
- When contractually obligating maintenance of credit ratings as part of credit-related agreements.