Low oil prices provide marginal benefit to emerging market firms
The Dollar Business Bureau The cash flow impact upon corporates of lower oil prices in Asia is positive, neutral in Latin America and mixed for EMEA (Europe, Middle East & Africa), said a report. A Fitch Ratings report which took account of the cash flow impact upon corporates of lower oil prices in Brazil, China, India, Indonesia, Mexico, Russia, Turkey and South Africa, mentioned the above statement in its report entitled, 'Effect of Low Oil Prices on Emerging Market Corporates.' Fitch believes Brazilian and Mexican corporates can expect no positive impact in terms of credit quality despite low oil prices. 'In Brazil, prices are highly regulated and have risen in U.S. dollar terms due to the depreciation of the Brazilian ...
