A Practical Guidance on Financial Provision for Environmental Liabilities

5.1.4. PARENT COMPANY GUARANTEE AND SELF-PROVISION

Regular ongoing monitoring of the financial strength of the operator and/or their parent company typically based on detailed, specified financial criteria. The financial criteria may include net assets and net current assets, location of assets, various financial ratios. The operator or parent could be required to continue to meet a specified credit rating which must be reported direct to the regulator at the cost of the operator.

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