The ratings agency put the banks on review in June for fear that the possibility of a Greek default was not adequately reflected in their current grade.

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Applicants will need to provide their current grade point average, demonstrate their gaming prowess (including in-game ranking, tournament history and prizes awarded), draft an essay on what games mean to them, and include a video of why they deserve the funding.

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It defended the move by saying it was more important to maintain its current investment grade rating.

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"We assume that anytime he catches it on the block, it's two points, " said NYU-Poly coach Nolan Adams, a former Skyline Conference player and current eighth-grade special-education teacher in Kensington.

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The team thinks all of these factors present a catalyst for investors to enjoy the higher current income versus investment grade and potentially for the yield advantage to compress further leading to modest capital appreciation.

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The current interest rate on investment grade bonds, as measured by the Barclays Capital Aggregate Bond Market index is 2.0 percent.

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Still, an investment-grade rating is handy if, like India, you run a current-account deficit and hope to attract foreigners to help finance your vast infrastructure needs over the next decade.

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Under the current arrangements the speaking and listening controlled assessment makes up 20% of the overall grade, with 40% on the reading and writing controlled assessment and 40% on the written exams.

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The current phase of production at the Ekati Diamond Mine includes ore sourced primarily from the lower grade, but high carat value, Fox open pit supplemented by underground production from the lower portion of the Koala kimberlite pipe and from the Koala North pipe.

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