UPDATE 1-Fiat says IFRS would have boosted net debt

Newswire

(Adds details) MILAN, March 30 (Reuters) - Fiat's industrial net debt under new IFRS accounting standards would have jumped last year, and its financial debt would have doubled, the Italian industrial group said on Wednesday. Fiat said its industrial net debt would have come in at 9.4 billion euros ($12.2 billion) instead of 5.3 billion, partly due to a different way of counting factoring deals, securitisation of receivables and changes on how units are consolidated. Financial debt at ...

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