Corporate Family Rating definition

Corporate Family Rating means a credit rating assigned by a Credit Rating Agency to reflect its opinion of the ability of a corporate group to honour all of its financial obligations, as if there was a single class of debt and the corporate group was a single legal entity, where the corporate group is as determined by the relevant Credit Rating Agency;
Corporate Family Rating means, with respect to any Collateral Debt Obligation and the issuer or obligor thereof, as of any date of determination, the "corporate family rating" as published by Moody's as of such date of determination, if applicable and available; or otherwise, the "senior implied rating" as published by Moody's as of such date of determination.
Corporate Family Rating means the corporate family rating assigned from time to time to the Issuer by Moody’s, representing the highest rating that Moody’s may assign to any unsecured obligation of any member of the Issuer Group, and being on the Issue Date, Baa3.

Examples of Corporate Family Rating in a sentence

A Corporate Family Rating is typically assigned to all leveraged finance Issuers at the discretion of rating committees.

In addition Moody’s will assign at no extra cost to the Issuer a long and short term Issuer Rating or Corporate Family Rating in conjunction with a Debt Rating as described under section 3.1, 3.2 and 3.3. 3.1 Long-term Debt RatingsNote: Multiple issues appearing on a single prospectus will be viewed as independent issues which will be rated and billed for separately.

Moody's reserves the right to assign the Corporate Family Rating, and charge for it accordingly, wherever and whenever it is needed to help explain associated transactional ratings.

A Corporate Family Rating is not, and should not be used, treated, construed, or held out as, a Debt Rating.

Moody’s Corporate Family Ratings are generally employed for speculative grade corporate issuers.A Corporate Family Rating is an opinion of a corporate family’s ability to honor all of its financial obligations and is assigned to a corporate family as if it had a single class of debt or a single consolidated legal entity structure.


More Definitions of Corporate Family Rating

Corporate Family Rating means, on any date, each of the ratings most recently publicly announced by Moody’s and S&P (or, to the extent that either Moody’s or S&P no longer maintains a corporate family rating or corporate credit rating, as applicable, of the Ultimate Parent or Borrower, Fitch or any other rating agency reasonably satisfactory to the Administrative Agent that is designated as a replacement rating agency by Borrower) as the corporate family rating, corporate credit rating or equivalent type of credit rating (as applicable) of the Ultimate Parent or, if the Ultimate Parent is not rated, of Borrower.
Corporate Family Rating means a credit rating assigned by a Credit Rating Agency, to reflect its opinion of the ability of a corporate group to honour all of its financial obligations, as if there was a single class of debt and a single consolidated legal entity structure, where the corporate group is as determined by the relevant Credit Rating Agency, and the Water Services Regulation Authority has approved in writing to the Appointee that such corporate group can be used for this purpose. 3 3 We are currently consulting on proposals to simplify various licence conditions of all undertakers licences. If our proposed licence simplification goes ahead, all references to The Water Service Regulation Authority will appear as Ofwat for brevity and to reflect common usage. ‘Ofwat’ will be defined in Condition A as ‘the Water Services Regulation Authority. The numbering of the licence conditions will also change to reflect the modernised numbering proposed in the consultation. https://www.ofwat.gov.uk/wp-content/uploads/2018/09/Consultation-under-section-13-of-the-Water- Industry-Act-1991-on-proposed-modification-to-simplify-various-conditions-of-all-undertakers- licences.pdf
Corporate Family Rating means a credit rating issued by a Credit Rating Agency to all classes of debt issued by companies that are members and/ or affiliates of the same corporate group where the “corporate group” is as determined by the relevant Credit Rating Agency for such purpose.
Corporate Family Rating means, as of any date of determination, Level 3’s (a) issuer credit rating as determined by S&P and (b) corporate family rating as determined by Moody’s, in each case, in effect as of such date.
Corporate Family Rating means, as of any date, the corporate family rating that has been most recently announced by Moody’s for the Borrower and its Subsidiaries.
Corporate Family Rating means, for each of S&P and Moody’s, the corporate family rating of CNX and its subsidiaries assigned by such rating agency.
Corporate Family Rating means, on any date, each of the ratings most recently publicly announced by Moody’s and S&P (or, to the extent that either Moody’s or S&P no longer maintains a corporate family rating or corporate credit rating, as applicable, of Shelf Drilling, Ltd. or Borrower, Fitch or any other rating agency reasonably satisfactory to the Administrative Agent that is designated as a replacement rating agency by Borrower) as the corporate family rating, corporate credit rating or equivalent type of credit rating (as applicable) of Shelf Drilling, Ltd. or, if Shelf Drilling, Ltd. is not rated, of Borrower.