S&P sees little Malaysia budget consolidation (Business Times (Malaysia))

Malaysia will not take any major action to rein in its surging budget deficit next year due to risks to economic growth in this export dependent Southeast Asian country, credit ratings agency Standard & Poor’s said.

Debt Settlement Part of the Healing Process For A Sustainable Economic Recovery, New Academic Study Says (Business Wire via Yahoo! Finance)

DALLAS—-Credit Solutions endorses a recently published academic white paper that says Debt Settlement offers “the most immediate form of debt relief available to consumers in today’s tenuous economy” – and may even improve the odds for a sustainable economic recovery.

Fitch warns economies on debt (News 24 South Africa)

Global ratings agency Fitch has warned top economies could endanger their creditworthiness if they do not bring down public debt.