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Debt holding up despite high savings

Joanna HeathOnline Political Correspondent

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Despite decade-high consumer savings rates, the debt business is holding up, if the performance of small-cap debt solution providers Credit Corp Group and FSA Group is anything to go by.

Meanwhile, litigation funder IMF (Australia) has put up a relatively strong performance, as it profits from the fallout of the global financial crisis through its involvement with high-profile cases including Centro Properties Group and Lehman Brothers, showing economic and market pessimism is not necessarily a hindrance for all business.

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Joanna Health writes on News specialising in Politics, Climate, Health. Based in our Canberra newsroom, Joanna is the Financial Review's online political correspondent. Connect with Joanna on Twitter.

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    Original URL: https://www.afr.com/markets/debt-markets/debt-holding-up-despite-high-savings-20110817-i4bp7