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Credit issued by Italian banks fell in 2012 to the lowest level in more than a decade.
The decision lets Moody's rate credit issued by companies in foreign currencies, including dollars, at Aaa, the highest allowable.
Chinese importers have long used letters of credit issued by banks for raw-material imports as a way of raising funds which they then use for other purposes.
These have found a clever way around credit ceilings imposed by the central bank, preferring to "confirm", or guarantee, deferred letters of credit issued by importers.
A letter of credit issued by a bank in Cyprus, for example, is now rarely accepted abroad or even within Cyprus, forcing traders to pay for goods in cash.
Total credit issued in Tianjin grew faster than anywhere else in China during the economic stimulus program in 2009 that led the country quickly out of the global financial crisis.
Similar(41)
These are carbon credits issued to developments overseas that reduce greenhouse gas emissions.
That amounts to roughly 5 percent of the credits issued since 2009, but the percentage could rise as current investigations of other producers progress.
The report echoes but goes further than the government's own Climate Change Authority report from 2014, which found "some credits issued are likely to have been non-additional".
Credit market result: spreads on credits (especially shorter-maturity credits) issued by the old-economy camp have widened to unreasonable levels.
Painuly (2001) pointed to encouraging power generation from renewable sources such as solar and wind powers through the use of green credits issued by the government.
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