ing from S&P but has a published rating from Moody's. then the S&P Rating shall be determined in accordance with the methodologies for establishing the Moody's Rating, except that the S&P Rating of such Structured Finance Obligation shall be (1) two subcategories below the S&P equivalent of the rating assigned by

are subject to U.S. withholding tax or U.S. insurance premium excise tax: provided, further, that the Collateral Manager shall request from Moody's the Moody's Rating. Moody's Rating Factor and Moody's Recovery Rate for such Synthetic Security and request from S&P the S&P Rating and S&P Recovery Rate for such Synt

Obligor or its guarantor is publicly rated by Moody's, then the S&P Rating will be determined in accordance with the methodologies for establishing the Moody's Rating set forth above, except that the S&P Rating of such obligation will be (1) one subcategory below the S&P equivalent of the rating assigned by Moody

ligation shall be zero; provided that the Market Value each Collateral Obligation that would satisfy the Eligibility Criteria but for the fact that the Moody's Rating thereof was downgraded to -Cawls or "Caar after the date of acquisition thereof may be as determined without giving effect to this clause (provid

h either (1) the Portfolio Advisor is requesting a rating from Moody's or (2) Moody's has indicated that it is in the process of assigning a rating, the Moody's Rating for such Collateral Obligation shall be (I) the Collateral Obligation's expected rating as determined by the Portfolio Advisor in its commercially

egories difference between the Collateral Obligation's Moody's Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Rating is higher than the Moody's Default Probability Rating, the rating subcategories difference will be positive and if it is lower, negative): Number o