• In international due thought, Odious bite is arrears that is incurred by a regime for purposes that do not serve the affection of the state

• Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state.

Specific bond debts owed by both governments and private corporations is rated by rating agencies, such as Moody's, Fitch Ratings Inc., A. M. Best and Standard & Poor's. The dominion or cortege itself will also be given its own separate rating. These agencies assess the ability of the debtor to honor his obligations and accordingly give Debt Consolidation him a credence rating. Moody's uses the letters Aaa Aa A Baa Ba B Caa Ca C, where ratings Aa-Caa are qualified by numbers 1-3. Munich Re, for example, currently is rated Aa3 (as of 2004). S&P and other rating agencies have slightly distant systems using capital letters and +/- qualifiers.