Browsing: Credit

A group of foreign bondholders have taken steps to force Ukraine to begin repaying its debts as soon as next year, the Wall Street Journal reported on Sunday. If they succeed, Kiev could hemorrhage $500 million every year on interest payments alone.

Time lags in re-valuing assets to reflect higher interest rates and difficulties in selling the assets quickly have increased the risks from private credit used by companies for funding, a Bank of England official said on Monday.