Fitch: EMEA Corporate Outlook Brightening, Macro Risks Remain

April 8, 2015 9:11 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Brighter Outlook for EMEA Corporate Cash Generatihere LONDON, April 08 (Fitch) Gradually improving economic conditions across much of Europe should help strengthen cash flows and modestly reduce leverage among the region's corporate issuers in 2015, Fitch Ratings says.

But macro risks remain significant and any delay in economic recovery could hit lower-rated corporates hard, especially as many companies have already cut costs to the bone. We expect the diversified manufacturing and automotive sectors to experience the strongest improvement in cash generation in 2...

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