Credit facility and Letter of credit

Letter of credit and credit facility are semantically related in credit rating topic. In some cases you can use "Letter of credit" instead a noun "Credit facility".

Letter of credit noun - A document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.

Credit facility and letter of credit are semantically related in credit rating topic. You can use "Credit facility" instead a noun phrase "Letter of credit".