Category 1 investment power—Act, s 44
8 Category 1 investment power—Act, s 44
For section 44(1)(e) of the Act, the rating prescribed for an investment arrangement is—
a rating by Fitch Ratings of F1+ or F1; or
a rating by Moody’s Investors Service of Prime-1 (P-1); or
a rating by Standard & Poor’s of A-1+, A-1, AAm or AAAm.
In this section—
Fitch Ratings means Fitch Australia Pty Ltd ACN 081 339 184 or another entity that carries on the business of assigning credit ratings under the trading name Fitch Ratings.
Moody’s Investors Service means Moody’s Investors Service Pty Limited ACN 003 399 657 or another entity that carries on the business of assigning credit ratings under the trading name Moody’s Investors Service.
Standard & Poor’s means Standard & Poor’s (Australia) Pty Ltd ACN 007 324 852 or another entity that carries on the business of assigning credit ratings under the trading name Standard & Poor’s.
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