January 16, 2018 / 1:20 AM / 3 months ago

BRIEF-‍Moody's says Rising Interest Rates Unlikely To Hurt European Companies' Profits, Cash Flows In Medium Term​

Jan 15 (Reuters) - MOODY’S-

* RISING INTEREST RATES ARE UNLIKELY TO HURT EUROPEAN COMPANIES’ PROFITS, CASH FLOWS IN MEDIUM TERM​

* FORECAST POLICY RATES TO APPROACH 1% FOR EUROPEAN CENTRAL BANK (ECB), 2% FOR BANK OF ENGLAND (BOE) AND 3% FOR THE US FEDERAL RESERVE BY 2021

* ‍RISING EUROPEAN INTEREST RATES COULD ALSO REDUCE IFRS 16 LEASE LIABILITY FOR MANY COMPANIES WHEN ADOPTING NEW ACCOUNTING STANDARD IN 2019 Source text for Eikon: Further company coverage: [ ]

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