DBRS warns Finland about population ageing, rising household debt

FINLAND has received yet another warming about population ageing and growing household debt.DBRS, a credit rating agency headquartered in Toronto, Canada, on Friday stated that population ageing and the shrinking of the working-age population are putting pressure on the public economy, representing a major medium-term challenge for Finland.The high level of household debt was another source of concern for the credit rating agency. “The high debt level and substantial portion of mortgages with variable interest rates increase the vulnerability of the...