NJEIT maintains formal procedures in monitoring obligor
While the super senior bonds are still able to withstand the loss of cash flow from the defaulted obligor
under a AAA rating stress scenario, the "negative" watch reflects the potential downward rating migration of the super senior bonds should more than one of the three remaining credit-impaired obligors
fail to honour their debt commitments, the agency said.
A guarantor who becomes the primary obligor
on the liability can deduct accrued interest.
concentration matrix detailed within Fitch's equipment lease and loan criteria evaluates the default of the top 20, 17, 14 and 11 concentrations at 'AAAsf', 'AAsf', 'Asf', and 'BBBsf', respectively.
or a debt liability with uaBBB credit rating is characterised with sufficient creditworthiness as compared to other Ukrainian obligors
or debt liabilities.
Liquidity Pool: The transactions contain a liquidity pool, their only cross-collateralised feature (excluding the ratchet account component, which is not cross-collateralised), which is available to service the interest or principal on the notes, if an obligor
fails to pay interest or principal on their respective debt obligation when due.