Rohm Haas a Philadelphia based specialty chemicals company traditionally finances
Rohm & Haas, a Philadelphia-based specialty chemicals company, traditionally finances its Brazilian operations from outside that country because it is ''too expensive'' to borrow local currency in Brazil. Brazilian interest rates vary from 50% to more than 100%. Rohm & Haas is now thinking of switching to Brazilian real financing because of a pending real devaluation. Assess Rohm & Haas's financing strategy.

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