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But the debentures of the long-term credit banks were always another matter.
The Treasury secretary said the fund should still provide some long-term credit and guidance to poor countries.
But if there are doubts about Salomon's long-term credit, some important areas of business could be closed off.
The program offers long-term credit at low rates to people who have no access to credit.
Once markets found the real credible, long-term credit returned to Brazilian stores.
But corporations can easily issue stock or bonds and do not need the long-term credit banks so much anymore.
The suspension of interest payments, however, is believed to affect only $68 billion in medium- and long-term credit.
Long-Term Credit said through a spokesman that the bank's day-to-day money operations had been normal.
In other words, Long-Term Credit will be writing off just 20 percent of its own bad loans.
But it is also high time that governments themselves began to provide incentives which would help to encourage a greater volume of long-term credit commitments.
Debt deflation is a complicated phenomenon associated with the end of long-term credit cycles.
On the other hand, this easy-plan, long-term credit invasion still doesn't make sense."
In South Carolina, a land commission was established, which purchased property and sold it on long-term credit.
Long-term credit banks were intended to complement rather than to compete with the commercial banks.
S&P issues both short-term and long-term credit ratings.
If forced on the banks, such mechanisms would severely damage the long-term credit relationship between the banks and the countries.
Long-Term Credit is reportedly seeking a rescue merger to help stabilize its business.
The Government has already taken many of Long-Term Credit's bad loans off its books.
The move by Brazil, which owes $81 billion to commercial banks, is believed to affect $68 billion in medium- and long-term credit.
Monsanto will also make long-term credit available to Calgene and Gargiulo.
Long-Term Credit may have found a match.
The drop in lending by long-term credit banks also eclipsed the March figure, falling 0.4 percent compared with 0.3 percent.
In its bid, it has the backing of the Long-Term Credit Bank.
The share price of the Long-Term Credit Bank has been pummeled this week, cut nearly in half to a record low.
Sony's long-term credit rating is now A1, Moody's fifth-highest ranking.
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