Chinese Yuan loans will not be available to the companies who are already defaulting by their previous local borrowing says Deep Mukherjee, director, Fitch Ratings.
Below is the edited transcript of the interview. Also watch the accompanying video.
Q: Liquidity is flush right now and we have the Chinese players open up for ADAG quite significantly. They have refinanced billions of dollars for them. Do you still feel that with all this liquidity sloshing around you could have defaults from companies?
A: The analysis was specifically on FCCBs and Yuan loans were available for Reliance Communications as we mentioned. Given the profile of the companies