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Letter of Comfort |
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Letter of Comfort A letter issued to a lending institution by a parent company acknowledging the approval of a subsidiary company's attempt for financing. Notes: The 'letter of comfort' in no way guarantees the loans approval for the subsidiary company. It merely gives reassurance to the lending institution that the parent company is aware and approves of the situation. |
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| ATI also agreed to provide a letter of comfort confirming its practices and procedures related to trading and corporate governance. Financial Services Authority--with a letter of comfort regarding its responsibilities in respect of Standard Life Bank. The ratings on IRFC reflect the underlying support given by the Ministry of Railways (MoR) for IRFC debt servicing through a letter of comfort on all IRFC borrowings. |
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Letter of Comfort
