1 (1) A long-term investment shall
(2) One of the rating entities shall be Moody’s Investors Service or Standard & Poor’s.
2 (1) Subject to subsection (2), a short-term investment shall, at a minimum, meet the rating requirements set out in column 3 of the table to this schedule in respect of at least two of the corresponding rating entities set out in column 1.
(2) A short-term investment that was originally issued for a term of one year or more shall
(3) One of the rating entities shall be Moody’s Investors Service or Standard & Poor’s if either of them assigns a rating for that investment.
Item Column 1 Column 2 Column 3 Column 4 Rating Entity Rating Rating Rating 1 Canada Bond Rating Service Inc. (CBRS) A+ (low) A1 (low) A 2 Dominion Bond Rating Service Limited (DBRS) AA (low) R1 (low) A 3 Fitch ICBA Inc. AA– A1 A 4 Moody’s Investors Service Aa3 P1 A2 5 Standard & Poor’s AA– A1 A
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