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Whitni Thomas, investor relations manager at Triodos Bank, says: "They should be able to access debt at a lower rate than otherwise.
This new body will ensure that help is readily available for people who need to access debt advice, information on their pensions or guidance on other money matters".
QE has helped supply liquidity and confidence to markets, it said, while low interest rates have helped companies access debt markets cheaply.
Small businesses, which cannot access debt markets, are suffering an unrelenting squeeze.Anaemic business lending has led Adam Posen, a member of the Bank's monetary-policy committee, to call for additional measures to be tried.
The announcement comes hot on the heels of the firm's disclosure that it drew $600 million from one credit line to pay off another, leading to concerns about its ability to access debt markets.
Similar(55)
While some tech execs and VCs recoil at the thought of using leverage, the truth is that the Innovation Economy has accessed debt for more than 35 years.
In addition, we find that these firms face more difficulties to access public debt and bank debt (particularly, short-term bank debt), and they have to rely on trade credit as an alternative source of short-term financing.
With access to debt and credit easier than ever, the student debt crisis could potentially be the next big bubble to burst.
In addition, confidence in the economy and easy access to debt allowed companies to complete restructurings in 2009 and 2010 with business plans and debt loads that were based on an economic pickup that has now faltered.
Yes, household-debt loads have contracted a bit, but it's probably not a coincidence that access to debt has contracted, too.
Indeed, access of debt financing is very limited especially for SMEs due to the requirements for the provision of debt (Deakins, 2008).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com