Lead bookrunner and Pricing grid: Difference between pages
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imported>Doug Williamson (Create the page. Source: The Treasurer April 2014, p31.) |
imported>Doug Williamson (Align with qualifications material CFF 4.2.2 page 8 Section 6.2.) |
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A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower. | |||
[[Category: | Also known as a 'ratchet'. | ||
== See also == | |||
* [[Credit rating]] | |||
* [[Ratings trigger]] | |||
* [[Rating grid]] | |||
[[Category:Treasury_operations_infrastructure]] | |||
Revision as of 16:34, 25 July 2015
A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower.
Also known as a 'ratchet'.
