12.09.2013 04:50:00

NTPC Limited -- Moody's: Higher Borrowing Costs are Credit Negative for Rated Indian Companies

Singapore, September 12, 2013 -- Moody's Investors Service says that higher funding costs for rated Indian corporates will put pressure on margins, particularly for companies already challenged by slower growth prospects. Furthermore, depreciation of the Indian Rupee will lead to revaluation of debt issued in US dollars, which in turn could put pressure on some covenants.

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