Companies and credit United Kingdom insolvency law
the credit ratings industry dominated fitch, moody s , s&p, london headquarters in canary wharf. companies pay rating agencies rate them, because provides access cheaper loans. companies legal persons, created registering constitution , paying fee, @ companies house. natural person, company can incur legal duties , can hold rights. during life, company must have board of directors, hires employees. these people represent company, , act on behalf. can use , deal property, make contracts, settle trusts, or maybe through misfortune commission torts. company regularly becomes indebted through of these events. 3 main kinds of debts in commerce are, first, arising through specific debt instrument issued on market (e.g. corporate bond or credit note), second, through loan credit advanced company on terms repayment (e.g. bank loan or mortgage) and, third, sale credit (e.g. when company receives goods or services has not yet paid them. however, principle of separate legal personality means ...