Glossary entry (derived from question below)
Spanish term or phrase:
rango de la deuda
English translation:
debt ranking
Added to glossary by
Laura Gómez
Feb 25, 2013 12:57
11 yrs ago
4 viewers *
Spanish term
Spain
Reliable and fast
Native in: Galician 
, Spanish
Works in: English to Spanish, French to Spanish, Portuguese to Spanish, and 9 more.
rango de la deuda
Spanish to English
Bus/Financial
Finance (general)
informe de cuentas anuales
Hola
¿alguien me puede echar una mano con este término?
El contexto es el siguiente:
La cualidad de socio colectivo implica la responsabilidad solidaria por las deudas sociales, lo que permite equiparar el rango de la deuda de la propia **NOMBRE EMPRESA** con la deuda de sus filiales y de esa forma mejorar las condiciones de financiación de todas las sociedades participadas
Mil gracias
¿alguien me puede echar una mano con este término?
El contexto es el siguiente:
La cualidad de socio colectivo implica la responsabilidad solidaria por las deudas sociales, lo que permite equiparar el rango de la deuda de la propia **NOMBRE EMPRESA** con la deuda de sus filiales y de esa forma mejorar las condiciones de financiación de todas las sociedades participadas
Mil gracias
Proposed translations
(English)
| 4 +1 | creditworthiness |
Billh
|
| 4 +1 | indebtedness |
Alan Furth (X)
|
| 3 +1 | level of debt |
Marie-Helene Dubois
|
| 4 | seniority of debt |
Peter Riccomini
|
| 3 | debt ratio |
Michelle Kusuda
|
| 3 -2 | grade of indebtment |
Sergio Kot
|
Proposed translations
+1
26 mins
Selected
creditworthiness
Please note it is NOT ranking which is a different thing.
Creditworthiness
The ability to borrow money. The better one's creditworthiness, the more likely it is that a bank or other financial institution will extend credit. One establishes creditworthiness by repaying loans and other bills on time, spending prudently, and generally showing that one can behave in a financially responsible way. Individual creditworthiness is measured by the FICO score while a company's or other organization's creditworthiness usually is measured by its credit rating.
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Note added at 27 mins (2013-02-25 13:24:33 GMT)
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http://financial-dictionary.thefreedictionary.com/Creditwort...
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Note added at 30 mins (2013-02-25 13:27:52 GMT)
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This is not well written. I think by 'filiales' they probably actually mean 'socios'. Otherwise it makes very little sense.
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Note added at 32 mins (2013-02-25 13:30:05 GMT)
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Actually, ignore that last comment. It does make sense as it stands. the NOMBRE EMPRESA must be a socio colectivo in all its subsidiaries.
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Note added at 39 mins (2013-02-25 13:36:47 GMT)
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The problem here is that it sounds like it should be debt ranking, which is a term used to denote the order in which debts are payable, senior and junior or subordinated debt for example. But that would not make a lot of sense here as we are talking of two or more distinct entities. It's really not at all straightforward.
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Note added at 3 hrs (2013-02-25 16:10:34 GMT)
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There is another possibility. It DOES mean debt ranking on the basis that the company in question will guarantee it's subsidiary's debts. That guarantee would be of lower debt ranking than direct joint and several liability. This could in fact be what they are saying.
What it does NOT mean is debt ratio, level of debt, or indebtedness. All these answers are unequivocally wrong.
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Note added at 3 hrs (2013-02-25 16:12:01 GMT)
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So in my view you have a choice - debt ranking or creditworthiness. The attraction of the latter is that it is a broad term and would at a pinch cover the other option.
Creditworthiness
The ability to borrow money. The better one's creditworthiness, the more likely it is that a bank or other financial institution will extend credit. One establishes creditworthiness by repaying loans and other bills on time, spending prudently, and generally showing that one can behave in a financially responsible way. Individual creditworthiness is measured by the FICO score while a company's or other organization's creditworthiness usually is measured by its credit rating.
--------------------------------------------------
Note added at 27 mins (2013-02-25 13:24:33 GMT)
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http://financial-dictionary.thefreedictionary.com/Creditwort...
--------------------------------------------------
Note added at 30 mins (2013-02-25 13:27:52 GMT)
--------------------------------------------------
This is not well written. I think by 'filiales' they probably actually mean 'socios'. Otherwise it makes very little sense.
--------------------------------------------------
Note added at 32 mins (2013-02-25 13:30:05 GMT)
--------------------------------------------------
Actually, ignore that last comment. It does make sense as it stands. the NOMBRE EMPRESA must be a socio colectivo in all its subsidiaries.
--------------------------------------------------
Note added at 39 mins (2013-02-25 13:36:47 GMT)
--------------------------------------------------
The problem here is that it sounds like it should be debt ranking, which is a term used to denote the order in which debts are payable, senior and junior or subordinated debt for example. But that would not make a lot of sense here as we are talking of two or more distinct entities. It's really not at all straightforward.
--------------------------------------------------
Note added at 3 hrs (2013-02-25 16:10:34 GMT)
--------------------------------------------------
There is another possibility. It DOES mean debt ranking on the basis that the company in question will guarantee it's subsidiary's debts. That guarantee would be of lower debt ranking than direct joint and several liability. This could in fact be what they are saying.
What it does NOT mean is debt ratio, level of debt, or indebtedness. All these answers are unequivocally wrong.
--------------------------------------------------
Note added at 3 hrs (2013-02-25 16:12:01 GMT)
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So in my view you have a choice - debt ranking or creditworthiness. The attraction of the latter is that it is a broad term and would at a pinch cover the other option.
Peer comment(s):
| agree |
philgoddard
: Or credit rating. Because the subsidiaries have the same rating as the parent company, they can borrow more cheaply.
1 hr
|
|
Thanks Phil. Yes, I rather think they had credit rating in mind when writing this but I am not sure they used the best term for it in Spanish. I think this one is a question of trying to guess what they intended to mean.
|
4 KudoZ points awarded for this answer.
+1
27 mins
Marie-Helene Dubois
Spain
Spain
Native in English
Specializes in field
Spain
Word class
Native in: English
Works in: Spanish to English, Dutch to English, French to English, and 1 more.
Related KudoZ points
:
90
level of debt
Creo que en este caso se refieren al rango de deuda en el sentido de 'level of debt', o 'nivel de endeudamiento'.
Mas contexto:
http://www.americaeconomia.com/negocios-industrias/analistas...
Mas contexto:
http://www.americaeconomia.com/negocios-industrias/analistas...
Peer comment(s):
| agree |
James A. Walsh
: This would be my choice.
1 hr
|
|
thanks James
|
|
| neutral |
philgoddard
: No, I don't think this is what it means. Billh's answer is correct. // Yes, I agree. My first thought was "ranking", which is kind of the right idea, but wrong here.
1 hr
|
|
Thanks Phil. I can't help thinking that 'creditworthiness' should have been expressed in another way in Spanish (perhaps solvencia crediticia/indice de riesgo crediticio etc. etc.) although things aren't always expressed quite as they should be.
|
31 mins
Michelle Kusuda
United States
United States
Native in Spanish
&
English
Specializes in field
United States
Court Certified Spanish Interpreter, MBA
Native in: Spanish (Variants: Latin American, Standard-Spain) , English
Works in: English to Spanish, Spanish to English, Italian to English, and 4 more.
debt ratio
Creo que se refieren al coeficiente de deuda, pero como dice rango.
-2
48 mins
Sergio Kot
Israel
Israel
Native in Spanish
Works in field
Israel
Hebrew-English-Spanish-Yiddish-Aramaic
Native in: Hebrew (Variant: Modern / Israeli) , Spanish (Variants: Rioplatense, Argentine, Standard-Spain, Chilean, Uruguayan, Latin American) 
Works in: Spanish to Hebrew, English to Hebrew, Hebrew to English, and 3 more.
Related KudoZ points
:
28
grade of indebtment
Reference:
Peer comment(s):
| disagree |
Marie-Helene Dubois
: the reference you provide is from Romania and it's full of spelling mistakes! If you search for "grade of indebtment" on google, you'll find that there aren't any English-language texts using this.
3 mins
|
| disagree |
AllegroTrans
: agree with Marie
56 mins
|
+1
1 hr
indebtedness
Just another option...
20 hrs
seniority of debt
I think here the text refers to seniority, ie the order in which creditors are paid if the company or group is liquidated/insolvent. For example creditors with collateral get paid before those without, while shareholders are last in line.
Discussion
Rank means the same as 'status level' or 'grade' so perhaps here what is being referred to is that the terms of lending are improved by making the debt of subsidiaries equal in rank to the debt of the holding company. Would that make sense based on the rest of the text?
http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//...