HMEL's Deleveraging Path Intact; Leverage Spike in FY21 …
https://www.fitchratings.com/research/corporate-finance/hmel-deleveraging-path-intact-leverage-spike-in-fy21-temporary-04-02-2021
WebThu 04 Feb, 2021 - 10:52 PM ET. Fitch Ratings-Mumbai/Singapore-04 February 2021: Fitch Ratings believes that HPCL-Mittal Energy Limited's (HMEL, BB/Negative) net leverage, as defined by net debt/ operating EBITDA may improve to below 6x from the financial year ending March 2023 (FY23), which we consider as adequate to maintain its 'BB' rating.
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