Common use of S&P Rating Clause in Contracts

S&P Rating. The rating for Borrower's senior long-term unsecured debt assigned by Standard & Poor's Ratings Group, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., or its successors.

S&P Rating. The rating for Borrower's ’s senior long-term unsecured debt assigned by Standard & Poor's ’s Ratings Group, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., or its successors.

S&P Rating. The rating for Borrower's senior long-term unsecured debt assigned by Standard & Poor's Ratings Group's, a division of The ▇▇▇▇▇▇McGraw-▇▇▇▇ Hill Companies, Inc., or its successors.