06.05.2016 16:51:00

Moody's: Energy sector stress makes mortgage arrears triple in Aberdeen, yet arrears in Dutch peer Groningen stable

London, 06 May 2016 -- While both towns buckle under the impact of stress from the energy sector, mortgage arrears have surged in Aberdeen yet remain stable in Groningen, says Moody's Investors Service. Given plummeting oil prices, contagion from rising unemployment in Aberdeenshire has spread to the housing market, whereas the prospect of earthquakes due to gas field operations is driving credit risk in Groningen.

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