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Loan defaults to rise: Fitch
- January 14, 2010
- Posted by: admin
- Category: Finance News
No CommentsLoan defaults are expected to rise over the coming year as interest rates return to more neutral levels and the government stimulus measures are progressively wound back. According to Fitch Ratings semi-annual report on the major banks, impaired assets rose significantly during 2009, at a time of considerable fiscal stimulus and emergency low monetary policy