Cite JOURNAL ARTICLE
Zur Aussagekraft der Angaben über den Schuldendienst
Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 1 : pp. 143–148
Georg J. Dobrovolny, Bern
The Meaningfulness of Debt Service Data
It has not been feasible so far to give an unambiguous interpretation of the demands of a number of debtor countries such as Brazil and Peru for a debt service reduction, because there is not any clear data on self-financed debt service. Not only is there no exact definition of the debt service ratio, but also no distinction of planned from actual debt service. In the interest of general international comparability of self-provided debt service data, the author proposes to use the derived cash flow data as reference figure in the calculation of the debt service payments actually made. This would at the same time offer a clue to the interpretation of the above-mentioned demands.