Ratings trigger

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Revision as of 08:33, 15 July 2015 by imported>Doug Williamson (Align item 1. with course material to tighten scope)
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  1. A clause in loan documentation to protect the lender against deterioration in the credit rating of the borrower. For example if the credit rating falls below a specified level, this would trigger immediate repayment of the borrowing.
  2. A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower.


See also