Fitch: India's Improving Investment Climate to Help Developers Deleverage

April 20, 2015 3:41 AM

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(The following statement was released by the rating agency) SINGAPORE/MUMBAI, April 19 (Fitch) Fitch Ratings says it expects Indian property developers to deleverage meaningfully by end-2016 as the country's investment climate improves.

The process of reducing leverage stalled in 2014 due to weak sales and slower cash collections on properties that were sold towards the end of 2014 and in early 2015, as developers introduced easy payment schemes to stoke demand. On 9 April 2015, Fitch raised its forecasts for India's GDP growth to ...

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