Debt Relief

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In national accounting, debts are added according to those who are indebted. Household arrearage is the debt held by households. "National" or Communal dead horse is the bite held by the various governmental institutions (federal government, states, cities ...). Career commitment is the albatross held by businesses. Financial credit is the damage held by the financial sector (from one financial institution to another).

  • Specific bond debts owed by both governments and private corporations is rated by rating agencies, such as Moody's, Fitch Ratings Inc., A

  • M
  • Best and Standard & Poor's
  • The government or cortege itself will also be given its own separate rating
  • These agencies assess the ability of the debtor to honor his obligations and accordingly give him a brownie points rating
  • Moody's uses the letters Aaa Aa A Baa Ba B Caa Ca C, where ratings Aa-Caa are qualified by numbers 1-3
  • Munich Re, for example, currently is rated Aa3 (as of 2004)
  • S&P and other rating agencies have slightly changed systems using capital letters Click Here and +/- qualifiers.