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:
“It is probable that the principal credit of miracles, visions, enchantments, and such extraordinary occurrences comes from the power of imagination, acting principally upon the minds of the common people, which are softer.”
—Michel de Montaigne (1533–1592)