This excerpt taken from the CVS 8-K filed Mar 23, 2007.
“Pricing Level
II”: any time when (i) the
senior unsecured long
term debt rating of the Borrower by (x) S&P is A or higher or (y) Moody’s is
A2 or higher and (ii) Pricing Level I does not apply.
Bet you've never seen portfolio analytics like these.