New South Wales Repealed Regulations

This legislation has been repealed.

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) REGULATION 2013 - REG 53

53 Eligible ratings

For the purposes of the definition of
"eligible rating" in clause 1 of Schedule 4 to the Act, the following ratings are prescribed:

(a) "AAA", "AA+", "AA", "AA−", "A+", "A", "A1+" or "A1" given by Standard & Poor's (Australia) Pty Ltd,

(b) "Aaa", "Aa1", "Aa2", "Aa3", "A1", "A2" or "Prime−1" given by Moody's Investors Service, Inc,

(c) "AAA", "AA+", "AA", "AA−", "A+", "A", "F1+" or "F1" given by Fitch Australia Pty Ltd,

(d) in the case of an investment that had a rating prescribed by paragraph (a), (b) or (c) at the time the investment was made, and only in respect of such an investment--any other rating given to the investment by a prescribed rating agency, but only for a period of 3 months after the investment has ceased to have a rating prescribed by paragraph (a), (b) or (c).