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full-faith-and-credit sovereign guarantee

Polish translation: gwarantowane przez nawyzsza zwladze zwierzchnia kraju

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10:05 Feb 19, 2009
English to Polish translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: full-faith-and-credit sovereign guarantee
The prerequisite for the Group's interest in procuring a specific project is the credit underlying the proposed transaction. Investment grade credit, as rated on Wall Street, or a comprehensive guarantee, is required. The evaluation of the project is based on the perceived credit of the guarantor which can be the sovereignty, subsidiary of the sovereignty, or corporation in question. The comprehensive guarantee can be constructed as an off-take contract, a letter of credit, a full-faith-and-credit sovereign guarantee, or a confirming guarantee of the sovereignty's credit.
Robert Foltyn
Poland
Local time: 15:16
Polish translation:gwarantowane przez nawyzsza zwladze zwierzchnia kraju
Explanation:
Sovereign guaranteed loans for public sector
A loan qualified as a Sovereign Guaranteed Loan if made to a Regional Member Country or if it is supported by the full faith and credit of the Member Country in whose territory the Borrower is domiciled, or in the case of loans to multinational institutions if it is guaranteed by a Member Country or by Member Countries in whose territory (ies) the Borrower shall execute the project.

Selected response from:

darotob
Local time: 08:16
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
3gwarantowane przez nawyzsza zwladze zwierzchnia krajudarotob


  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
gwarantowane przez nawyzsza zwladze zwierzchnia kraju


Explanation:
Sovereign guaranteed loans for public sector
A loan qualified as a Sovereign Guaranteed Loan if made to a Regional Member Country or if it is supported by the full faith and credit of the Member Country in whose territory the Borrower is domiciled, or in the case of loans to multinational institutions if it is guaranteed by a Member Country or by Member Countries in whose territory (ies) the Borrower shall execute the project.



darotob
Local time: 08:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
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