Non-Corporate Credit is a catch-all term used to include types of bonds that are forms of credit, but not issued by private corporations - and therefore cannot be considered corporate debt. Non-Corporate Credit generally includes sovereign debt, regional governments and government agencies in a currency other than that of the issuer, and bonds issued by supranational entities.
Famous quotes containing the word credit:
“Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
—François, Duc De La Rochefoucauld (1613–1680)