Page 2 - Moody's Report

Moody's report on India's economic outlook 'extremely disappoints' govt

The government also criticised Moody's comment that it expects high nominal GDP growth and ongoing fiscal consolidation to "stabilise the government debt burden at high levels

Italy bank windfall tax is 'credit negative' for banking sector: Moody's

"If implemented in its current form, (the tax) would account for about 15% of the banking system's 2022 consolidated net income," Moody's noted

Moody's downgrades Azure Power Energy and Azure Power Solar Energy

The one-notch downgrade of APE's and APSEP's debt ratings has been driven by governance issues related to internal controls and compliance

Refinancing risk to India Inc with debt in foreign currency, says Moody's

This would be owing to a combination of higher interest risk in the international financial market and a likely deterioration in their finances

Their valuations lowest in a decade, top Pak firms join share buyback trend

Pakistan took the crown for Asia's fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

Asset quality of Indian banks will be stable in 2023, says Moody's

The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody's Investors Service in its latest report on the banking sector in emerging markets

Improving marketing margins, prices to restore OMC profits in FY24: Moody's

OMCs are likely to see weak earnings in current fiscal year despite fall in oil prices mainly because of losses they incurred on holding prices in the first half, Moody's Investors Service said

Global economy to grow at 2.7% in 2022, 2.3% in 2023: Moody's Analytics

Moody's Analytics predicted the global economy to grow at 2.7 per cent in 2022 and slow to 2.3 per cent in 2023

Moody's retains India's sovereign credit rating at Baa3 with stable outlook

As per the release, India's sovereign ratings has been retained by Moody's at Baa3 with a stable outlook

Moody's upgrades Yes Bank rating, changes outlook to 'stable': Here's why

Moody's on Thursday said it has upgraded Yes Bank's rating while changing outlook to 'stable' on the back of its equity capital raise plan announced last week. The global rating agency has upgraded the private sector lender's long-term foreign currency issuer rating and long-term foreign and local currency back deposit ratings to 'Ba3' from 'B2'. It has also changed the outlook on Yes Bank's ratings to 'stable' from 'positive' and also adjusted the Baseline Credit Assessment (BCA) to 'b1' from 'b3'. "The upgrade of Yes Bank's BCA and ratings reflects the bank's planned equity capital raise, which will support its credit profile and strengthen its resilience against potential asset quality risks arising from headwinds such as higher inflation and tighter global financial conditions," Moody's Investors Service said in a release. On July 29, Mumbai-headquartered Yes Bank announced the raising of nearly Rs 8,900 crore (about USD 1.1 billion) through a mix of shares and warrants to be .

Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

Most Indian companies protected against weakening rupee: Moody's report

Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.

India's economy is likely to grow at 12% in 2021, says Moody's Analytics

Near-term prospects have turned more favourable, Moody's Analytics said

Moody's projects 13.7% growth in FY22, expects 7% contraction this fiscal

Moody's on Thursday upped India's growth projection for the next financial year beginning April 1

Banks' asset quality to worsen but face less risk of defaults: Moody's

The disruptions from the coronavirus outbreak will strain finances for households and small businesses more severely

Moody's cuts rating on Tata Motors, changes outlook to negative

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago

Global revenue from diamond sales to drop 30-40% amid Covid-19: Moody's

Rough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service said in a report

Moody's pegs FY21 GDP growth at 0%, says upgrade unlikely in near term

The rapid and widening spread of the Covid-19, deteriorating global economic outlook, falling oil prices, and financial market turmoil are creating a severe and extensive economic and financial shock

Top Headlines: RBI joins coronavirus war, cuts repo rate; EMIs put on hold

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