The issuing bank of the Pre-Bid Letter(s) of Credit and Letter of Reference must meet a minimum credit rating requirement, which requires the issuing bank to have a senior unsecured debt rating of “A” or better by S&P Global Ratings (“S&P”) if rated by S&P or “A2” or better by Moody’s Investors Service Inc. (“Moody’s”) if rated by Moody’s, or “A” or better by Fitch Ratings (“Fitch”) if rated by Fitch. Additionally, the Pre-Bid Letter(s) of Credit and Letter of Reference must be issued by a United States commercial bank or a foreign commercial bank with U.S. branches that are subject to the jurisdiction of New York federal or state courts.