What is the naming convention for Python class references

On module level the second:

ReferenceToClass = MyClass

As a function argument, the first:

reference_to_class = MyClass

tl;dr: for global/public names use AllCaps like XORcist said:

class Logger:
    pass

AliasLogger = Logger

For function parameters and function locals, make it clear that you are dealing with the class object with a descriptive name like this:

def some_func(logger_class):
    pass

or something along the lines

def some_func(my_class_classobj):
    pass

when the word "class" is actually in your classname. For classobj, see also class_ and klass.

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Analysis/Motivation (long version)

No thorough reading, but at a glance PEP 8 doesn't seem to be explicit on this (neither google's python style guide for that matter).

Since a variable name is probably just yet-another name binding in python, in my opinion it doesn't really matter whether you bind that name with the definition block or later with the = equal sign to some object.

For this I agree with XORcist in that module level "alias" references should adhere to your class naming standard, probably AllCaps:

class MyClass(object):
    pass

# good
ReferenceToClass = MyClass

However when it comes to parameter and variable names, supposedly lowercase_underscores should apply, right? I'm unhappy with only that, since it will push you into the instance vs class reference ambiguity. There is the potential that an all-lowercase name may be an attempt to hint the object being an instance. For that matter, I recommend postfixing your all-lowercase, class-referencing variable names with the "class" suffix, like this:

class Logger(object):
    pass

def function_expecting_class_reference(logger_class):
    pass

I renamed your example class MyClass to Logger because in real scenarios only a few class name contains the string "class". However in that latter case I propose to avoid the ambiguity with descriptive naming yet again. For example, you may use a classobj suffix:

class MyClass(object):
    pass

def function_expecting_class_reference(another_param, my_class_classobj):
    ReferenceToClass = MyClass

Another alternative I tend to take is to use the suffix klass, like my_class_klass. Not everyone seems to get the latter, but anyway I'm yet to test whether they would get the former any better.

I treat it the same as an instance variable, which PEP8 defines as using lowercase_underscore_style. (lowercase, with words separated by underscores as necessary to improve readability.)

http://www.python.org/dev/peps/pep-0008/#id34