to 'A-' from 'A' and the ratings being placed on Rating Watch Negative to affect the rating on Huarong's outstanding bonds, which are unconditionally and irrevocably guaranteed by Huarong International Financial Holdings Limited and have a keepwell agreement
, deed of equity interest and investment and liquidity support from Huarong.
reasons and also provides a Keepwell Agreement
for CPF HK.
Nikko Cordial Securities has a keepwell agreement
entered into with Sumitomo Mitsui Banking Corp.
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.
The senior unsecured debt ratings of Sojitz subsidiaries supported by keepwell agreements have also been upgraded to B1 from B2, Moody's said.
The notes are unconditionally and irrevocably guaranteed by Hengli (Hong Kong) Real Estate Limited, a wholly owned subsidiary of Poly, and they benefit from a keepwell agreement
provided by Poly.
3) The presence of a Keepwell Agreement, which covers CPF HK's general
According to the Keepwell Agreement, CNPC undertakes to:
However, this Keepwell Agreement is different from the former ones
Besides the company, issuers under this joint euro medium-term note programme are also NS Finance Inc and Nippon Steel International Finance (Netherlands) BV, which have a keepwell agreement
with the company.
The Joint Euro MTN Programme originally set up by Nippon Oil's overseas affiliates has been turned into the Joint Euro MTN Programme based on the keepwell agreement
with JX Nippon Oil & Energy Corp (a surviving operating subsidiary formerly named Nippon Oil).
commercial paper based on a keepwell agreement
between TAH and its parent company, Takeda Chemical Industries Ltd., Japan's largest pharmaceutical company.