Weighted Average Credit Rating

Weighted Average Credit Rating

The average credit rating of the bonds in a bond fund or a portfolio consisting entirely of bonds. This credit rating is weighted for the percentage each bond represents in the fund or portfolio. As with individual bonds, the higher a bond fund's weighted average credit rating, the less risk and the lower return it carries.
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The power purchase agreements in the acquired portfolio have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
The Fund's weighted average credit rating remains unchanged at B2/BBB.
The fixed maturity portfolio's weighted average credit rating was 'AA+' with an average effective duration of 2.
The portfolio's power purchase agreements have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
The weighted average credit rating of investments is the weighted average credit rating of the investments in FSIC's portfolio that were rated, based upon the scale of Moody's Investors Service, Inc.
The fund remains relatively defensively positioned with the weighted average credit rating remaining unchanged at A3 and a modified duration of 3.
The initial portfolio has a weighted average credit rating of BBB- and consists of 72% fixed rate and 28% floating rate assets.
At year-end 2008 the company's invested assets totaled $10 billion, 94% of which were fixed income or short-term investments, and the fixed income portfolio's weighted average credit rating was 'AA+'.
Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements relating to expected returns and to the portfolio's expected weighted average credit rating and composition.
At year-end 2008 Montpelier's cash equivalents and fixed income portfolio had a weighted average credit rating of 'AA+' with an average duration of 1.
Once fully invested, the portfolio is expected to have a weighted average credit rating of BBB-.
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