Eligible rating defined.
Nev. Rev. Stat. § 671.0075
in effect1. Eligible rating means a credit rating that is within any of the three highest rating categories of at least one eligible rating service. Each rating category may include category modifiers such as plus or minus for Standard and Poors Rating Services or the equivalent for any other eligible rating service.
2. The term includes:
(a) A long-term credit rating of A- or higher by Standard and Poors Rating Services or the equivalent from any other eligible rating service.
(b) A short-term credit rating of A-2 or SP-2 or higher by Standard and Poors Rating Services or the equivalent from any other eligible rating service.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-671.htmlFetched: 10/4/2026