Fitch warns about governments' reliance on bond markets

01/27/2009 | Financial Times (free content)

As more governments issue or plan to issue short-term debt, refinancing risks increase, leaving European countries vulnerable to market conditions, Fitch Ratings warned. "Short-term debt has been attractive for both issuers and investors, and governments are issuing more of this debt than ever, but there are risks because of market volatility," said Brian Coulton, head of global economics at Fitch.

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