Britons pay off £7bn of mortgages says Bank of England (Daily Telegraph)

Britons reduced their mortgage debt by £7bn during the second quarter of the year according to the Bank of England.

PAETEC Holding Corp. Announces Early Payment of Revolving Debt (Business Wire via Yahoo! Finance)

FAIRPORT, N.Y.—-PAETEC Holding Corp. today announced it has paid down $10 million of its outstanding revolving loan under its credit facility. “With the stabilizing trend in the operating environment and capital markets, we continue to proactively manage our balance sheet by reducing outstanding debt with the excess cash flow generated by operations,” said Arunas Chesonis, PAETEC chairman and …

Lithuania’s Debt Ratings Cut by Moody’s on Recession (Update3) (Bloomberg)

Sept. 29 (Bloomberg) — Lithuania, mired in the European Union’s deepest recession , had its foreign and local-currency debt ratings cut by Moody’s, which cited “severe pressure” on the budget.

Victor sewer consolidation plan approved (Rochester Democrat and Chronicle)

By a 4-to-1 vote Monday night, the Victor Town Board approved sewer district consolidation.