A contract contains the following provision: If Buyer's credit rating (as determined by Standard Poor's) is downgraded below BBB, then Seller has the right to terminate the contract. What is the condition for termination of the contract?
1) If Buyer's credit rating is downgraded below BBB
2) If Seller's credit rating is downgraded below BBB
3) If Buyer's credit rating is upgraded above BBB
4) If Seller's credit rating is upgraded above BBB