restricted default

Serbian translation: nivo RD (ograničeni bankrot)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:restricted default
Serbian translation:nivo RD (ograničeni bankrot)
Entered by: Bogdan Petrovic

06:01 Jul 10, 2013
English to Serbian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: restricted default
Rating agency Fitch Ratings removed Cyprus from restricted default, upgrading its long-term local currency issuer default rating to CCC with negative outlook. Earlier this week, Standard & Poor's also raised the island's sovereign credit rating to CCC+.
Bogdan Petrovic
Serbia
Local time: 09:44
nivo RD (ograničeni bankrot)
Explanation:
http://www.capital.ba/fic-povisio-rejting-kipru/
NIKOZIJA, Međunarodna rejting agencija Fič povisila je dugoročni rejting Kipra u nacionalnoj valuti sa nivoa RD (ograničeni bankrot) na nivo CCC.

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Note added at 1 hr (2013-07-10 07:27:27 GMT)
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http://www.index.hr/vijesti/clanak/fitch-snizio-rejting-grck...
AGENCIJA Fitch snizila je rejting za dugoročno zaduživanje Grčke za još dvije razine, s "CCC" na "C", odnosno na najnižu razinu, samo korak od stečaja, prenosi Reuters.
---
Iz agencije Fitch su naveli kako je novo smanjenje rejtinga dokaz da je stečaj vrlo vjerojatan u slučaju Grčke. Najavili su kako će, nakon što Grčka i službeno zamijeni državne obveznice kod privatnih kreditora, dodatno sniziti kreditni rejting zemlje na ograničeni bankrot.

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Note added at 1 hr (2013-07-10 07:32:59 GMT)
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Pogledajte molim vas skalu koju sam navela u "reference", ispod nivoa "C" je nivo "RD":
http://www.hrt.hr/index.php?id=48&tx_ttnews[tt_news]=154222&cHash=0d0196e36e
Kao što se i očekivalo, Fitch je snizio rejting Grčke sa 'CCC' na 'C', istaknuvši da će ga dodatno sniziti na ograničeni bankrot kada bude završena zamjena obveznica.

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Note added at 1 hr (2013-07-10 07:36:50 GMT)
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https://www.google.rs/search?q=agencija Fitch ograničeni ba...
Selected response from:

Mira Stepanovic
Serbia
Local time: 09:44
Grading comment
Hvala!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2nivo RD (ograničeni bankrot)
Mira Stepanovic
4ograničena početna lista
Djana Surkovic
Summary of reference entries provided
Restricted default
Mira Stepanovic

  

Answers


28 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
ograničena početna lista


Explanation:
"uklonili su Cipar sa ograničene početne liste"

Djana Surkovic
Bosnia and Herzegovina
Local time: 09:44
Specializes in field
Native speaker of: Native in CroatianCroatian, Native in SerbianSerbian

Peer comments on this answer (and responses from the answerer)
neutral  Mira Stepanovic: Ne u navedenom kontekstu: http://www.investopedia.com/terms/d/default2.asp 1. The failure to promptly pay interest or principal when due. Default occurs when a debtor is unable to meet the legal obligation of debt repayment.
2 hrs
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
nivo RD (ograničeni bankrot)


Explanation:
http://www.capital.ba/fic-povisio-rejting-kipru/
NIKOZIJA, Međunarodna rejting agencija Fič povisila je dugoročni rejting Kipra u nacionalnoj valuti sa nivoa RD (ograničeni bankrot) na nivo CCC.

--------------------------------------------------
Note added at 1 hr (2013-07-10 07:27:27 GMT)
--------------------------------------------------

http://www.index.hr/vijesti/clanak/fitch-snizio-rejting-grck...
AGENCIJA Fitch snizila je rejting za dugoročno zaduživanje Grčke za još dvije razine, s "CCC" na "C", odnosno na najnižu razinu, samo korak od stečaja, prenosi Reuters.
---
Iz agencije Fitch su naveli kako je novo smanjenje rejtinga dokaz da je stečaj vrlo vjerojatan u slučaju Grčke. Najavili su kako će, nakon što Grčka i službeno zamijeni državne obveznice kod privatnih kreditora, dodatno sniziti kreditni rejting zemlje na ograničeni bankrot.

--------------------------------------------------
Note added at 1 hr (2013-07-10 07:32:59 GMT)
--------------------------------------------------

Pogledajte molim vas skalu koju sam navela u "reference", ispod nivoa "C" je nivo "RD":
http://www.hrt.hr/index.php?id=48&tx_ttnews[tt_news]=154222&cHash=0d0196e36e
Kao što se i očekivalo, Fitch je snizio rejting Grčke sa 'CCC' na 'C', istaknuvši da će ga dodatno sniziti na ograničeni bankrot kada bude završena zamjena obveznica.

--------------------------------------------------
Note added at 1 hr (2013-07-10 07:36:50 GMT)
--------------------------------------------------

https://www.google.rs/search?q=agencija Fitch ograničeni ba...

Mira Stepanovic
Serbia
Local time: 09:44
Works in field
Native speaker of: Native in SerbianSerbian, Native in Serbo-CroatSerbo-Croat
PRO pts in category: 64
Grading comment
Hvala!

Peer comments on this answer (and responses from the answerer)
agree  Daniela Slankamenac
2 hrs
  -> Hvala Daniela!

agree  Natasa Djurovic
2 days 2 hrs
  -> Hvala Nataša!
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Reference comments


1 hr
Reference: Restricted default

Reference information:
http://www.fitchratings.com/web_content/ratings/fitch_rating...
FitchRatings
Definitions of Ratings and Other Forms of Opinion
---
A.1 International Issuer and Credit Rating Scales
The Primary Credit Rating Scales (those featuring the symbols ‘AAA’-‘D’ and ‘F1’-‘D’) are used for debt and financial strength ratings. The below section describes their use for issuers and obligations in corpora
te, public and structured finance debt markets. For their use in the context of funds, please refer to section B.2.
---
A.1.1 Long-Term Rating Scales
A.1.1.1 Issuer Credit Rating Scales
Rated entities in a number of sectors, including financial and non-financial corporations, sovereigns and insurance companies, are generally assigned Issuer Default Ratings (IDRs). IDRs opine on an entity’s relative vulne rability to default on financial obligations. The “threshold” default risk addressed by the IDR is generally that of the financial obligations whose non-payment would best reflect the uncured failure of that entity. As such, IDRs also address relative vulnerability to bankruptcy, administrative receivership or similar concepts, although the agency recognizes that
issuers may also make pre-emptive and therefore voluntary use of such mechanisms.
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CCC: Substantial credit risk.
Default is a real possibility.
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RD: Restricted default.
‘RD’ ratings indicate an issuer that in Fitch Ratings’ opinion has experienced an uncured payment default on a bond, loan or other material financial obligation but which has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and which has not otherwise ceased operating. This would include:
a. the selective payment default on a specific class or currency of debt;
b. the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation;
c. the extension of multiple waivers or forbearance periods upon a payment default on one or more material financialobligations, either in series or in parallel;or
d.execution of adistressed debt exchange on one or more material financial
obligations.

Mira Stepanovic
Serbia
Works in field
Native speaker of: Native in SerbianSerbian, Native in Serbo-CroatSerbo-Croat
PRO pts in category: 64
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