Not exact matches
Each account will contain
investment -
grade taxable bonds rated BBB − or higher at time of purchase.2 The
investment team will seek to
maintain an overall portfolio
credit rating average of A −.2 Please be aware that lower rated bonds do carry additional risk compared to higher rated bonds.
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.
During the boom phase, any
investment grade rating can work; in the bust phase only the best market practices
maintain a
credit rating.
and few
credit sensitive entities
maintain an
investment grade rating.
One challenge in spinning off its gas network into a separate company and making it attractive to investors was the amount of debt it could hold relative to its assets — it would need to be higher than the energy regulator's limit, while at the same time needing to
maintain an
investment -
grade credit rating so it could benefit from cheaper borrowing costs.