No need for Indian cos to leverage balance sheets: Nomura
June 30th, 2009
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Paul Schulte, Chief Regional Equity Strategist, Nomura, said Asia needs to re-leverage balance sheets, but was quick to add that there is no need for Indian companies to leverage balance sheets. He feels deleveraging of balance sheets acorss companies in India is a great step and sees more inflows into the country than others in the region.
Nomura, he said, is using Asian financials to fill the gap left in US banks.
On interest rates, he feels rates will remain low much longer than expected.