BIS Study Suggests Households, Companies Set to Reduce Debt

Households and companies will continue to reduce debt built up before the financial crisis, according to a report by the Bank for International Settlements.

'Political noise' puts debt reduction at risk: Fitch

Political uncertainty could hamper efforts to reduce the world's largest debt burden if it forces the government to delay fiscal consolidation, according to Andrew Colquhoun, head of Asia-Pacific sovereign debt at Fitch Ratings. "The key issue for the ratings is whether a government can be formed with the will and authority to draw up and implement a credible medium-term fiscal consolidation ...

Debt levels should fall after pre-crisis jump: BIS

Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said.

Households To Reduce Debt Significantly, BIS Says

Financial crises tend to be followed by a protracted period of debt reduction in the non-financial private sector, according to a report from the Basel, Switzerland-based Bank for International Settlements.

Kilmarnock have club debt reduced by half

Kilmarnock Former Kilmarnock chairman Jamie Moffat has helped reduce the Ayrshire club’s debt by waiving half of the £1.8 million he is owed, reports STV Sport . The move was announced by current Killie chairman Michael Johnston, who has now called for fresh investment in the business. “This £900k write down of the club's debt of £1.8m to former Chairman Jamie Moffat is yet another example of ...