Moody's Investor Service

Moody's Investors Service, a global credit rating agency, questioned the reliability of India's Aadhaar biometric technology. Watch the video to know more >

Moody's has also downgraded to Caa3 from Caa2 its rating on the senior unsecured bonds issued by VRL

Amid technological advancements in the securities market, Sebi on Monday asked stock exchanges to provide certain basic minimum facilities to the investors at Investor Service Centres (ISCs) and upgrade the knowledge of officials of these centres. In order to reach out to investors across India, Sebi asked stock exchanges to use the existing ISCs and open additional centres, wherever required. The ISCs can be set up either by one stock exchange or jointly by two or more exchanges, as per their mutual agreement. The new directive would come into force from the 90th day from this Monday, while those related to knowledge upgradation will be compiled in a phased manner, the Securities and Exchange Board of India (Sebi) said in a circular. The markets regulator, in December 1997, asked all stock exchanges to open or maintain at least one ISC for the benefit of the investors. Such centres are required to provide counselling services and provide certain basic minimum facilities to the ...

The Indian finance ministry officials will meet credit rating agency Moody's Investors Service on June 16 and pitch for a sovereign rating upgrade, two government sources told Reuters

Moody's said the impact of the two US banks going down will be limited in India and other financial institutions in the APAC region due to structural factors

The credit rating company cited concerns over the lenders' reliance on uninsured deposit funding and unrealized losses in their asset portfolios

China's reliance on semiconductor imports is unlikely to diminish over the medium term given constraints on its advanced chip production

Moody's Investors downgrades global outlook for auto to negative from stable

Moody's Investors Service on Thursday slashed India's economic growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis. Moody's had in May projected India's GDP to expand by 8.8 per cent this year. The economy grew by 8.3 per cent in 2021 and contracted by 6.7 per cent in 2020, the year when the pandemic struck the country. In its update to Global Macro Outlook 2022-23, Moody's said India's central bank is likely to remain hawkish this year and maintain a reasonably tight policy stance in 2023 to prevent domestic inflationary pressures from building further. Our expectation that India's real GDP growth will slow from 8.3 per cent in 2021 to 7.7 per cent in 2022 and to decelerate further to 5.2 per cent in 2023 assumes that rising interest rates, uneven distribution of monsoons, and slowing global growth will dampen economic momentum on a sequential basis, Moody's ...

Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise

"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.

The proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, Moody's said

Moody's Investors Service on Monday said the acquisition of Neelachal Ispat Nigam Ltd by Tata Steel arm is credit positive because it will increase the subsidiary's long-steel production capacity

Moody's Investors Service changed its outlook from negative to stable on October 5

The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further

India's economic damage due to the second wave of Covid-19 and subsequent lockdowns will remain restricted to the April to June quarter, Moody's Investors Service said in a new macroeconomic outlook.

Moody's slashed India's growth projection to 9.6% for 2021, from its earlier estimate of 13.9%, and said faster vaccination will be paramount in restricting economic losses to June quarter

India's and Brazil's first-quarter 2021 real GDP data show a strong rebound in both economies following a contraction last year of 4.4% in Brazil and 7.1% in India, Moody's Investors Service said

The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23

A 31.5 per cent stake in Gangavaram Port is also credit neutral, the report said