Corporate Family Rating definition

Corporate Family Rating an opinion issued by ▇▇▇▇▇’▇ of a corporate family’s ability to honor all of its financial obligations that is assigned to a corporate family as if it had a single class of debt and a single consolidated legal entity structure.

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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.

Examples of Corporate Family Rating in a sentence

Use commercially reasonable efforts to (a) cause the Facilities to be continuously rated by S&P and ▇▇▇▇▇’▇ and (b) cause the Borrower to continuously receive a Corporate Family Rating and Corporate Rating.
Use commercially reasonable efforts to (a) cause the Facilities to be continuously rated by S&P and ▇▇▇▇▇’▇ and (b) cause the Borrower to continuously receive a public Corporate Family Rating and Corporate Rating (it being acknowledged and agreed, in each case, that no minimum ratings shall be required).
Use commercially reasonable efforts to (a) cause the Term Loans to be continuously rated by S&P and ▇▇▇▇▇’▇ and (b) cause the Borrower to continuously receive a Corporate Family Rating and Corporate Rating.
Holdings will use its commercially reasonable efforts to cause a (i) Corporate Rating by S&P or Corporate Family Rating by ▇▇▇▇▇’▇ and (ii) senior secured credit rating with respect to the Loans from each of S&P and ▇▇▇▇▇’▇ to be available at all times until the Stated Maturity Date for the Term Loans.
Holdings will use its commercially reasonable efforts to cause a (i) Corporate Rating by S&P or Corporate Family Rating by ▇▇▇▇▇'▇ and (ii) senior secured credit rating with respect to the Loans from each of S&P and ▇▇▇▇▇'▇ to be available at all times until the Stated Maturity Date for the Term Loans.

More Definitions of Corporate Family Rating

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 Ofwat has approved in writing to the Appointee that such corporate group can be used for this purpose;

Corporate Family Rating means, on any date, each of the ratings most recently publicly announced by ▇▇▇▇▇’▇ and S&P (or, to the extent that either ▇▇▇▇▇’▇ 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 long-term rating which reflects the relative likelihood of a group of companies which are affiliates of the same corporate group defaulting on a debt or debt-like obligation and the expected financial loss suffered in such an event of default.

Corporate Family Rating means the corporate family rating assigned from time to time to the Issuer by ▇▇▇▇▇’▇, representing the highest rating that ▇▇▇▇▇’▇ may assign to any unsecured obligation of any member of the Issuer Group, and being on the Issue Date, Baa3.

Corporate Family Rating means, on any date, each of the ratings most recently publicly announced by ▇▇▇▇▇’▇ and S&P (or, to the extent that either ▇▇▇▇▇’▇ 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.

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

Corporate Family Rating. Moody’s corporate family rating, the successor equivalent rating thereto (or the estimated rating expressly assigned to an obligor by Moody’s) or, if a corporate family rating has not yet been assigned, the senior implied rating; provided that pending receipt from Moody’s of any such estimate, the Corporate Family Rating will be “B3” so long as the Collateral Manager has certified to the Trustee in writing that application for such estimate is pending and such estimate is expected to be at least “B3”; provided further, that the Aggregate Principal Balance of Collateral Obligations having a M▇▇▇▇’▇ Rating by reason of the preceding proviso may not exceed 10% of the Collateral Principal Amount; provided further that, for the avoidance of doubt, if any Obligor itself does not have a Corporate Family Rating from Moody’s, but an entity in such Obligor’s corporate family (within Moody’s criteria) has a Corporate Family Rating from Moody’s, then the Corporate Family Rating with respect to such Obligor shall be the Corporate Family Rating of such entity.