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Credit Crunch

S&P's European Real Estate Ratings Stable Despite Struggling Economy

European real estate companies remain well placed to weather the still struggling economy, particularly in Germany and the U.K., according to global ratings agency Standard and Poor's.The slightly surprising outlook comes as S&P is forecasting the euro-zone economy to contract for a second straight year in 2013, and growth of just 0.6% in the U.K. after 2012's meager gross domestic product of 0.3% expansion.The rating's firm said one key reason for the less pessimistic view is a shortage of supply of residential properties compared with demand, particularly in the U.K. and Germany. A steady pace of lettings activity throughout Europe has also contributed, as has the use of capital-market funding by an increasing number of property firms."Standard & Poor's Ratings Services' outlook...of European real estate companies remains stable, despite weak GDP prospects, continuing high unemployment, and subdued mortgage lending in Western Europe," S&P analysts said.The company also envisages the ...

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  9. Challenges for Female Entrepreneurs Seeking Small Business Loans

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  1. Suncorp Mulls Selling 'Non-Core' Bank

    Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could m...

  2. Suncorp Mulls Selling 'Non-Core' Bank - Report

    Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could m...

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  7. Funding Scheme Changes Give Banks Lending Incentive - BOE's Bailey

    The Bank of England's overhauled lending scheme now offers U.K. banks big incentives to lend to small companies but it is unclear whether businesses have the appetit...

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