RPT-Fitch: Hedging insulates Indian industrials from rupee fall; risk in higher debt

Newswire

Aug 30 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings says the majority of its portfolio of internationally rated industrial corporates in India has adequate hedging arrangements in place to minimise any potential reductions in operating cashflows arising from the rupee rout. Moreover, most have sufficient headroom to absorb an elevation in reported debt levels post FX translation adjustments. Nevertheless, ...

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