Amid increasing worries over the rising unhedged external debt of corporates, global rating agency Moody's on Wednesday said that 26 per cent of the domestic firms carry positive credit outlook and 70 per cent have stable outlook. The country's external debt stood at $462 billion as of December 2014, out of which 80.5 per cent were non-government debt, according to the Finance Ministry data. Over 35 per cent of the external debt of private corporates are unhedged, according to bankers and analysts. “Twenty-six per cent of all corporates that Moody's rates in the country carry positive credit outlook, 70 per cent carry stable outlook, leaving only 4 per cent with negative outlook," a managing director at Moody's corporate finance croup Philipp lotter said.