Sentences with phrase «investment grade instruments»
Higher yields: Most of the debt issued under this category is below investment - grade, thus the securities have higher than comparable investment grade instruments.
http://www.indexologyblog.com/ Not exact matches
Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products, distressed debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.
The Unit Investment Trust, which is actually a corporate income fund, is similar to a regular money market account, except it?s made up of a group of higher grade securities, and instruments, and usually pays out dividends on a monthly basis...
These instruments are issued by investment grade companies with credit rating of BBB - or higher.
[22] If the total amount of debt in the project is less than $ 75 million, then the applicant must obtain only one investment - grade rating on the senior obligations and one rating on the TIFIA credit instrument from a Credit Rating Agency.
Second, the applicant must obtain two investment - grade ratings (Baa3 / BBB - or higher) on the senior debt obligations and two ratings on the TIFIA credit instrument, both from a Credit Rating Agency, in order to execute a TIFIA credit agreement.
(B) SENIOR DEBT. - Notwithstanding subparagraph (A), in a case in which the Federal credit instrument is the senior debt, the Federal credit instrument shall be required to receive an investment grade rating from at least 2 rating agencies, unless the credit instrument is for an amount less than $ 75,000,000, in which case 1 rating agency opinion shall be sufficient.»
(3) PRELIMINARY RATING OPINION LETTER. - The Secretary shall require each project applicant to provide a preliminary rating opinion letter from at least 1 rating agency -» (A) indicating that the senior obligations of the project, which may be the Federal credit instrument, have the potential to achieve an investment - grade rating; and» (B) including a preliminary rating opinion on the Federal credit instrument.»
-» (A) IN GENERAL. - To be eligible for assistance under this chapter, a project shall satisfy applicable creditworthiness standards, which, at a minimum, shall include -» (i) a rate covenant, if applicable;» (ii) adequate coverage requirements to ensure repayment;» (iii) an investment grade rating from at least 2 rating agencies on debt senior to the Federal credit instrument; and» (iv) a rating from at least 2 rating agencies on the Federal credit instrument, subject to the condition that, with respect to clause (iii), if the total amount of the senior debt and the Federal credit instrument is less than $ 75,000,000, 1 rating agency opinion for each of the senior debt and Federal credit instrument shall be sufficient.»
To maintain the value implied by the senior debt rating, the TIFIA debt can not exceed the amount of the senior obligations unless the TIFIA credit instrument receives two investment grade ratings.
[199] The assessment of the senior obligations» investment grade potential and the default risk for the TIFIA credit instrument and the senior obligations should be based on the underlying ratings of the unenhanced debt obligations and the project's fundamentals.
[191] If the TIFIA credit instrument is proposed as the senior debt, then it must receive two investment grade ratings, unless the total amount of the debt is less than $ 75 million, in which case only one investment grade rating is required.
Each potential applicant for TIFIA credit assistance must provide a preliminary rating opinion letter from at least one Credit Rating Agency [187] indicating that the project's senior obligations (which may include the TIFIA credit instrument) have the potential to achieve an investment grade rating and providing a preliminary rating opinion on the TIFIA credit instrument and provides rating rationales for both preliminary ratings.
Note that if the total amount of the RRIF direct loan or loan guarantee is greater than $ 75 million, the applicant must provide an investment grade rating on the RRIF credit instrument from at least two Credit Rating Agencies for the DOT to incorporate such ratings into its calculation of the CRP (45 U.S.C. § 822 (f)(3)(C)-RRB-.
Notwithstanding subparagraph (A), in a case in which the Federal credit instrument is the senior debt, the Federal credit instrument shall be required to receive an investment grade rating from at least 2 rating agencies, unless the credit instrument is for a rural infrastructure project or intelligent transportation systems project, in which case 1 rating agency opinion shall be sufficient.
He thinks Chinese high - yield instruments have seen their run but is shifting his attention to investment - grade bonds in China.
In addition to investing in foreign and emerging markets, asset allocation funds may be invested in: (1) exchange - traded funds; (2) futures, options and other derivatives; (3) non-investment grade securities; (4) precious metals and minerals companies; (5) real estate investment trusts; and (6) money market instruments.
Money market securities are the safest investments available, with credit ratings that surpass almost all other investment grade debt instruments.
Safety — Depends upon the kind of instruments the fund invests in; Typically is investment grade quality.
There are many different types of fixed income instruments available: corporate investment grade, high - yield corporates, federal government, municipals, and mortgage - backed securities, to name the most common.
Putnam Income Fund Investment Option invests in Putnam Income Fund, which invests mainly in securitized debt instruments (such as mortgage - backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, are either investment - grade or below investment - grade (sometimes referred to as «junk bonds») and have intermediate to long maturities (three years oInvestment Option invests in Putnam Income Fund, which invests mainly in securitized debt instruments (such as mortgage - backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, are either investment - grade or below investment - grade (sometimes referred to as «junk bonds») and have intermediate to long maturities (three years oinvestment - grade or below investment - grade (sometimes referred to as «junk bonds») and have intermediate to long maturities (three years oinvestment - grade (sometimes referred to as «junk bonds») and have intermediate to long maturities (three years or longer).
Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher - quality debt instruments.
Investment grade debt instruments are rated at least Baa or its equivalent by any NRSRO or are unrated debt instruments of equivalent quality.
Mackenzie Core Plus Canadian Fixed Income ETF (TSX: MKB) seeks to provide a steady flow of income by investing primarily in investment - grade Canadian government and corporate fixed income instruments and asset - backed securities with maturities of more than one year.
Debt instruments with upto BBB - or more rating are considered investment grade.
Up until now it has invested, quite successfully, in «secured instruments, including bank loans and bonds, issued primarily, but not exclusively, by below investment grade issuers.»
The fund primarily invests in a diversified portfolio of investment grade debt instruments of varying maturities and is designed to track the performance of the Barclays U.S. Government / Credit 1 - 5 Years Index.