Ind-Ra: Nearly Half of Top 500 Listed Borrowers Vulnerable to Weak Rupee

Ind-Ra: Nearly Half of Top 500 Listed Borrowers Vulnerable to Weak Rupee

Link to Ind-Ra’s report: Dollarisation of Top 500 Listed Corporate Borrowers

Ind-Ra-Mumbai-16 July 2015: The vulnerability of the top 500 listed corporate borrowers (ex-banking and financial services) to rupee depreciation remained high during FY14 despite a marginal improvement in sensitivity over previous years, says India Ratings and Research (Ind-Ra). 234 of the 500 largest, listed corporate borrowers have a negative sensitivity to rupee (INR) depreciation. If rupee depreciates by 1% (against the US dollar (USD)), it would shave off their absolute EBITDA by 0.19% (median). However, this is lower than the 0.28% (median) observed across 237 negatively sensitive corporates in FY13.

To read the complete press release, CLICK HERE


The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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