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Keepwell Agreement

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Keepwell Agreement
An agreement between a parent company and a subsidiary in which the parent company provides a guarantee on the subsidiary's debt for the duration of the agreement. The keepwell agreement reduces the risk to the subsidiary's debt securities and may be beneficial for its stockholders.
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A keepwell agreement is a contract between a parent company and a subsidiary to maintain solvency and financial backing throughout the term set in the agreement.
Moody's upgrades Sojitz's long-term debt rating by Japan Weekly Monitor
commercial paper rating benefits from a keepwell agreement provided by its parent company, Mitsubishi Corporation, and is fully backed by Mitsubishi Corporation as well as by its own substantial liquid assets 2.
Mitsubishi International Corporation: Despite Strong Corporate ... by PR Newswire
Allianz SE provides explicit support to Allianz Global Corporate & Specialty, North America in the form of a quota share reinsurance agreement, as well as a keepwell agreement.
A.M. Best Upgrades Ratings of Allianz Global Corporate & Specialty, ... by Business Wire
 
 
 
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