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Agency debt accounts for about 70percentt of the portfolio.
Sovereign debt accounts for only about one-fifth of total external borrowing of around $105 billion.
The "high" estimate assumes public debt accounts for all the foreign banks' lending to Greek entities in BIS data.
Bank debt accounts for half of the liabilities of non-financial firms, twice the share in the rest of Europe.
Finally, he screens the usual financial data, including long-term debt, accounts payable and receivable and reinvestment in the business.
Italy is among the biggest borrowers in the world, and its debt accounts for nearly a quarter of the total debt of the overall euro zone.
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By 2007, this type of debt accounted for almost half of the index.
Nine months ago, United States government debt accounted for half of the assets in Mr. Gross's flagship fund, Pimco Total Return.
The interest rate is calculated having taken into account the cost of bad debt, account management personnel, account management systems, and the cost of capital invested".
High-quality companies (large and medium-sized companies with proven and sustainable business models, high dividends and low debt) account for 30 per cent of the fund.
They include mountains of debt, accounting scandals, inefficient industry structures, low investor confidence, and capital markets that have all but shut down.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com