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Acquisition Of Insolvent Steel Assets To Increase Leverage Of Buyers: Fitch | Business Standard News

by business-standard.com posted 2months ago 12 views
The buyout of distressed steel assets in India could significantly raise the leverage of the acquiring firms, Fitch Ratings said Thursday. "The acquisitions of distressed Indian steel assets could significantly increase the leverage of the acquiring companies, which also face the risk of domestic output being displaced by a substantial increase in imports from the escalation of trade barriers," Fitch Ratings said in a new report.

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