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0.000203045685279147 -0.000507614213197941 -0.00309644670050754 -0.0024873096446701 -0.0047715736040609 -0.0132994923857868 -0.0154568527918781 -0.0211675126903553
Stock impact report

World's Worst Performing Currency Hurts Dollar Borrowers in Brazil [Yahoo! Finance Canada]

FTI Consulting, Inc. (FCN) 
Last fti consulting, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.fticonsulting.com
(Bloomberg) -- The turmoil that's sinking the Brazilian real has exposed a glaring vulnerability at some of the country's biggest companies. Most Read from Bloomberg The 21% slump in the currency, which has gained steam this week and begun to engulf other parts of the local market, has made it significantly more expensive for companies to service their debt and cover costs. Rising local interest rates — the central bank just pledged to hike borrowing costs to 14.25% by March — are adding to the pressure. About half of Brazilian firms in a sample that owe dollar-denominated debt — 33 in total — have average leverage levels above five times gross debt to Ebitda, according to a study by FTI Consulting for Bloomberg News. Out of these, 12 have more than half of the their debt in dollars, FTI said. Highly levered companies, such as airlines Gol Linhas Aereas Inteligentes SA and Azul SA, are paying significant expenses in dollars while generating most of their revenue in reais. Lev Show less Read more
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