This excerpt taken from the CVS 8-K filed Mar 23, 2007.
“Pricing Level
IV”: any time when (i) the
senior unsecured long
term debt rating of the Borrower by (x) S&P is BBB+ or higher or (y) Moody’s
is Baa1 or higher and (ii) none of Pricing Level I, II or III
applies.
Bet you've never seen portfolio analytics like these.