Aggregate leverage will fall for non-financial companies in FY19, says Moody's
Updated : June 19, 2018 02:12 PM IST
Revenue for such companies will rise 10 percent while EBITDA will increase 8 percent in the financial year 2019 on a high base, Moody’s said, adding that these companies reported a strong financial results in 2018 wherein the revenue rose 13 percent and EBITDA rose 12 percent.
Moody's report says that acquisitions and capital spending financed by debt will cause the debt levels of Moody's-rated companies to rise by 5% in fiscal 2019.
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