date:Oct 13, 2012
ler companies are likely to see limited benefits to their share prices or lending conditions, unless, like FAGE, they can demonstrate that the majority of revenues come from outside their home jurisdiction.
We expect peripheral eurozone corporates, in the first instance, to focus on reducing capital expenditure and dividend payments, which can preserve standalone credit profiles by offsetting the impact of a weak economy on revenues. Divestments, minority stake sales, and diversifying cash hold