Laughed at work today
Nov. 10th, 2005 06:06 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
valis2While poking through the Administrative Rules of one of the states, I found this:
§114.7 Certification Process
(a) The director shall request review and approval of the Association by forwarding a summary of the relevant application information after the director deems the application complete and finds the applicant's financial information required under §114.3 of this title (relating to Application Form and Financial Information Requirements) reflects one of the following qualifying financial ratings:
(1) Dun & Bradstreet rating of 3A1 or better;
(2) Standard & Poor's rating of BBB or better;
(3) Moody's rating of Baa or better; or
(4) minimum tangible net worth of $5 million with a ratio of tangible net worth to long-term debt of 1.5 to one or greater.
What does it take, one wonders, to get Moody's coveted Baa rating? Must your coat be especially fluffy?
§114.7 Certification Process
(a) The director shall request review and approval of the Association by forwarding a summary of the relevant application information after the director deems the application complete and finds the applicant's financial information required under §114.3 of this title (relating to Application Form and Financial Information Requirements) reflects one of the following qualifying financial ratings:
(1) Dun & Bradstreet rating of 3A1 or better;
(2) Standard & Poor's rating of BBB or better;
(3) Moody's rating of Baa or better; or
(4) minimum tangible net worth of $5 million with a ratio of tangible net worth to long-term debt of 1.5 to one or greater.
What does it take, one wonders, to get Moody's coveted Baa rating? Must your coat be especially fluffy?
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(no subject)
Date: 2005-11-18 07:49 pm (UTC)