Bring-Down Comfort Letter(redirected from Bring-Down Comfort Letters)
Bring-Down Comfort Letter
Before or during a new issue, a statement by an auditor that a comfort letter previously published is still valid. A comfort letter is a statement indicating that, while a full audit has not been done, a review of the issue's prospectus has revealed nothing inaccurate or misleading. The bring-down comfort letter indicates the previous comfort letter is still valid.