debt ceiling

(redirected from Statutory Debt Limits)
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Noun

debt ceiling - the maximum borrowing power of a governmental entity

debt - money or goods or services owed by one person to another

national debt ceiling - a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress

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References in periodicals archive ?

Oradea operates within a conservative regulatory framework with statutory debt limits. According to Fitch's rating case, debt will increase slightly in 2018, but debt servicing will remain below the statutory limit (30% of the last three years' average of own revenues).

Fitch Affirms Romanian City of Oradea at 'BBB-'; Outlook Stable

Oradea operates within a conservative regulatory framework with statutory debt limits. According to Fitch's base case, we assume debt will increase slightly in 2017 and 2018, but debt servicing will remain below the statutory limit (30% of the last three years' average of own revenues).