The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.
Failure may result in weakened liquidity for the group, says Moody's.
Here are the top 10 business headlines on Tuesday morning
Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021
Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India
S&P expects India's growth to bounce back in FY22
Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said
South Africa slipped into recession during the final quarter of 2019
Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn
The scrip settled the day at Rs 56 on the BSE, down 9.82%
Moody's downgraded the Bank's long-term foreign currency issuer rating to B2 from Ba3, as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity.
Stock market came under heavy selling pressure in the last hour of the session on Friday after global rating agency Moody's lowered India's outlook to 'negative' from stable
Structural changes needed in every aspect of the economy
Given the economic slump, most economists have lowered their FY20 growth estimates and expect the RBI to be more aggressive in cutting rates going ahead
Borrowing costs from overseas markets may not see substantial jump
Moody's recent downgrade highlights that the agency's robust expectations in 2017 were misplaced
Economists say that though Moody's cut is not really justified at this point, the move is a grim reminder of the state of the economy and the need to accept that all is not well
Icra said it expects Coal India, which has missed annual production targets over the last few years, to fall short of its 2019/20 production forecast of 660 million tonnes by up to 75 million tonnes
It said the rising global trade tension will also have an adverse impact on exports
Upgrade reflects improved solvency of the banks, following capital infusion by govt. Moody's estimates both banks will achieve a common equity tier-1 (CET1) of more than 8% by March