But these refiners are some of the most credit worthy companies in the world.
Even if countries are not particularly credit worthy, their sovereign bonds are usually safer than other domestic alternatives.
He spotlights the efforts of EFL. They have developed an effective tool to identify high potential, credit worthy entrepreneurs.
Instead, buy general obligation bonds from great credit worthy states and cities like Texas, City of Houston, Dallas, Virginia State, Richmond, Tennessee and Maryland.
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Would it be worth paying 4% as a kind of stunt, to show the world quite how credit worthy the British government is perceived to be?
Small businesses that are still healthy and credit worthy are busy right now trying to (1) get as lean and efficient as possible, and (2) build fortress balance sheets.
But certainly, starting with housing, we had people giving out loans that probably should not have been given out to a certain segment of the society that weren't credit worthy.
The difference in lending may be due in part to the fact that bigger banks tend to have a client base that itself is bigger, more credit worthy and more export oriented.
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With loans to consumers with bad credit blowing up all over the place, it's only natural that banks would turn their attention to the other end of the spectrum: credit for the extremely rich, or at least extremely credit worthy.
Should the taxpayer, in other words, take on some of the credit risk of lending to businesses, so that banks can lend to the businesses they don't regard as credit worthy, but perhaps ought to be supported - in the hope that some of these unbankable companies will turn into fast-growing winners.
In this environment, many suppliers will sacrifice margins for fixed long-term contracts with a reputable, credit-worthy buyer, especially as it can help them establish lines of credit with their banks.
But what led to this massive expansion of easy credit to the less than credit- worthy?
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Small-business loans track the prime rate--the rate at which banks make loans to their most credit-worthy commercial customers.
So banks have been fighting one another on price, offering cheaper and cheaper credit to the most credit-worthy customers.
But if after a few years you made your payments and you prove yourself credit-worthy, then the premiums would stop.
For instance, excessive regulation can stifle financial innovation, reduce the flow of credit to worthy firms and consumers, and impede economic growth.
For credit-worthy borrowers, loans are so cheap that they are almost free.
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For one, home purchases are largely being done by investors looking to become landlords, or by a small pool of credit-worthy individuals.
There is no shortage of commercial loans nowadays for competent, credit-worthy farmers.
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As for small businesses themselves, many of them complain that banks are turning down credit-worthy proposals or are charging too much for finance.
Their most credit-worthy customers are increasingly turning to the capital markets.
That Fannie Mae and Freddie Mac's role in it is to bring stability and liquidity to that market and to do so in a credit-worthy manner.
Banks are running at very low loan-deposit ratios, so even if some large depositors flee, there will still be plenty of money available for credit-worthy borrowers.
Bankers, as true of any profession, are not collective blobs with uniform interests or robot-like behaviors conforming to academic conjecture, but methinks most actively seek credit-worthy customers.
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Part of the answer to the current SME funding crunch may lie in a greater role for equity finance and increased consolidation to create more robust, credit-worthy companies.
If so, then why assume equity markets wouldn't throw up new business models to finance small businesses and credit-worthy consumers if government-insured deposits were no longer available at all to underwrite such risks?
By choosing to acquire fundamentally sound revenue drivers, Realty Income invests in high-quality stand-alone real estate leased to credit-worthy tenants with business models that are all differentiated by strong sources of operational cash flow and profitability.
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David Kern, chief economist at the British Chambers of Commerce, said the latest unemployment data indicated the need for the Bank to continue with a "forceful QE programme", and "in conjunction with the government, supplement this with specific measures aimed at stimulating bank lending to credit-worthy businesses".
Moreover, companies boasting good credit still borrow when risk flows freely while less worthy borrowers obtain credit after underwriting spigots tighten.
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"If people have a good business need for credit and they're worthy of being lent to, I believe they're able to get credit whether there's quantitative easing or not, " he said.
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