Moody’s Upgrade

In August 2022, Moody's even skewed its assessment of the euro zone's third-biggest economy toward a dramatic move to junk by shifting its outlook to negative

The 40 per cent trans-shipment tariff by the US will create major compliance issues for companies in India and the ASEAN region, with high risks for sectors like machinery, electrical equipment and semiconductors, Moody's Ratings said on Tuesday. In July 31, US President Donald Trump announced a 40 per cent tariff on goods deemed to have been transshipped, beyond the broader country-level tariffs. Moody's, in its 'Trade Asia-Pacific' report, said it remains unclear how the Trump administration defines trans-shipment, but the measures appear to target products originating in China and shipping through third countries with lower tariffs. Stating that lack of clarity around trans-shipment tariff poses risks to ASEAN economies, Moody's said if the US maintains a narrow interpretation targeting only goods imported from China, minimally processed or re-labelled and re-exported to the US the economic impact on regional economies may be limited. However, a broader and more punitive ...

Moody's said Tata Motor's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt.

The rating company also changed Qatar's outlook from positive to stable, meaning another upgrade is unlikely in the short term

Morgan Stanley Research's report said the GDP growth for the quarter ended June came higher than its expectations

The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality

FinMin said that Moody's Investors Service upgraded India's local and foreign currency issuer ratings after a gap of 13 years

Offshore dollar borrowing by Indian companies has already risen 32 per cent from the start of 2017 to $8.81 billion

Moody's upgrade to help firms lower interest costs: Experts

Moody's expects India's growth rate to improve from 6.7% in 2017-18 to 7.5% in 2018-19 and to stay at that level thereafter

Moody's upgrades India's sovereign bond rating for first time in 14 years

Govt deserves credit, must stay the reforms course

By upgrading so close to the business end of India's poll cycle, Moody's has made it tough for the NDA to abandon fiscal restraint

BJP is confident of registering emphatic wins in Himachal Pradesh and Gujarat Assembly elections: Piyush Goyal

Reforms such as the GST, the rationalisation of government schemes and better-targeted delivery are expected to improve India's fiscal position: Moody's

William Foster, vice-president of Sovereign Risk Group at Moody's Investors Service says the govt's reform measures contribute to further enhancing the economy's capacity to absorb shocks

This is clearly an affirmation of the structural reforms the government is undertaking

For all concerns regarding debt and fiscal, we are going to see a clearer picture in the coming months: Arvind Subramanian

Moody's upgrade of India's sovereign ratings is likely to boost inflows from foreign portfolio investors (FPIs) into Indian equities, albeit marginally. The demand for Indian bonds, however, will surge even as existing FPI investors in the debt market benefit from softer yields going forward.Foreign portfolio investors (FPIs) have pumped in more than $22 billion into the debt market this year compared with $8 billion into equities. Countries such as Taiwan, Mexico, South Korea and China have got a higher share of equity inflows from FPIs than India."Indian bonds have remained attractive this year owing to the high nominal yield, approaching 7 per cent sovereign yield, and the rupee appreciation of 6-7 per cent against the dollar. Both these factors amount to a significant appreciation in bond values. Add to this the Moody's rating upgrade, the demand for India debt will only increase going further. Existing debt investors also stand to benefit from the softening of the yields," said ..

Ratings are not the last word on anything - sometimes they are unfair, at other times they flatter to deceive