EFTA Document EFTA01365306

whose long-term credit rating is not less than "Aaa" by Moody's and "AAA" by Standard & Poor's and in each case are not on watch for downgrade or whose short-term credit rating is "P-1" by Moody's and "A-1-17 by Standard & Poor's at the time of such investment and throughout the term of the investment; provided that if such repurchase obligation has a maturity of longer than 91 days. the counterparty thereto must also have at the time of such investment and throughout the term of the invest