Sentence examples for creditor status from inspiring English sources

China has now achieved creditor status.

Under Italian law, any lender to a company that has filed for bankruptcy protection receives privileged creditor status, meaning it will be paid back first.

The UK achieved creditor status in the 1800s and the US in the early 1900s, and the markets rewarded them with hard-currency status.

As with other supranational institutions, Fitch, however, expects the EU and Euratom to benefit from preferred creditor status compared with private creditors in a default scenario.

Reports suggested, however, that the ECB is prepared to waive its preferred creditor status under which the central bank would rank ahead of private investors in the event of a default.

The Polaroid Corporation said yesterday that it had received a one-month extension on loan waivers and secured creditor status to its bondholders to help with its debt restructuring.

Relying on vast infusions of money from the IMF could actually worsen the problems of a country like Italy, since the fund's presumed preferred-creditor status would push private bondholders further down the pecking order.

It emerged Chainrai has £12m secured creditors' status on the club and £7m unsecured.

"From this perspective, the proposal to use the IMF as a conduit for ECB resources -- thereby circumventing restrictions imposed by European Union's treaties -- while providing the ECB with preferred-creditor status, would exacerbate the Fund's exposure to risky borrowers," Blejer and Yeyati said.

Nevertheless, China's creditor position and its status as the world's second largest economy gives its voice some authority in Washington and Mr Zhu made it clear that private representations had already been made.

The new fund, known as the European Stability Mechanism, goes into effect next month and guarantees that its creditors have preferred status to other bondholders.