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The phrase "creditor of" is correct and can be used in written English.
It is used to indicate a person or entity to whom a debt is owed. Example: John was the main creditor of the company, as he had loaned them a significant amount of money to start their business.
Exact(60)
Then, it moved on to cross-border investment, and not long afterwards, it became the biggest creditor of the world.
Shinsei is also a major creditor of Kumagai Gumi.
The pension agency filed the new amounts to assert its claims as a creditor of United.
Instead, it would remain a secured creditor of the reorganized company.
The reason, he said, is that "in a nonqualfied plan, you're a creditor of the company".
He is also due a further £564,000 as a creditor of the company.
The lawyer, Barney Shiotani, said he had been awarded it in 1992 as a creditor of a bankrupt company.
Dodgy governments, rich in resources and eager for loans, may likewise view China's government as a creditor of choice.
In September 2008 China eclipsed Japan to become the biggest single foreign creditor of the US federal government.
The German Bundesbank is a large creditor of the system, and most Mediterranean central banks are large debtors.
His lawyer, Nathaniel Z. Marmur of Stillman & Friedman, said that Mr. Koudachev "is himself a creditor of Evergreen".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com