Page 13 - Moody’s

Covid-19 impact: Moody's, CARE Ratings cut India's FY21 GDP estimates

The global rating agency had earlier predicted GDP to contract 4 per cent. On Friday, it predicated 11.5 per cent contraction

India Inc's EBITDA to shrink 24% in FY21 due to Covid disruptions: Moody's

Moody's said recovery will gather pace in the third quarter of fiscal 2021 (Q3Fy21) as the lifting of lockdown releases pent-up demand and helps to normalise economic conditions

Moody's forecasts 11.5% contraction in India's economic growth in FY21

The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period

Top headlines: India Inc's EBITDA to shrink 24%, Soota's IPO jackpot

From Centre releasing rants for states amid Covid, India-China agreeing on a 5-point plan to Moody's saying India Inc's EBITDA to shrink, Business Standard brings you top news of the evening

Risks to economic recovery rise as Covid-19 infection rate spikes: Moody's

The continued rise in new infection rates across parts of Europe and Asia highlights the risk of a second wave which could lead to renewed closures and a pullback in consumption, Moody's has said

Acquisition of Future Group to strengthen RIL's retail footprint: Moody's

Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr

Covid-19 impact: Moody's lowers SBI's baseline credit assessment to 'ba2'

The rating agency, however, affirmed SBI's Baa3 deposit ratings

India to post strong GDP growth pick up in second half of 2020: Moody's

For 2021 year, Moody's has projected Indian economy to grow 6.9 per cent

PSBs to need Rs 2.1 trn over next 2 yrs; govt support to continue: Moody's

According to Moody''s, the sharp slowdown in India''s economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs

ICICI Bank's Rs 15,000 cr equity raise is credit positive: Moody's

The fresh capital raise will add in 170 basis points to the consolidated Common Equity Tier-1 (CET1) ratio from 13.4 per cent at the end of June 2020, after including profit for the June quarter.

Moratorium, economic downturn raising risks for asset-backed securities

In the case of auto ABS rated by Moody's, 70-100 per cent of the underlying loans (as percentage of the outstanding principal) are on moratorium

Moody's assigns B3 rating with negative outlook to Vedanta's USD notes

Though the notes will carry security in the form of a pledge on shares, Moody's does not view their position to be superior to the secured and unsecured debt at various operating companies

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020

Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative

Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement

Moody's downgrades Hero FinCorp ratings; outlook revised to negative

Today's rating action concludes the review for downgrade initiated on April 13, 2020, Moody's said in statement

FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's

The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said

Airline industry disruption due to Covid has far-reaching effects: Moody's

Industry is a critical cog in the broader global economy, says investor service company

Capital infusion in 3 state-owned insurers 'credit positive': Moody's

It further added that, the government's goal of listing the companies on the stock market will become feasible only after this

Moody's confirms Tata Steel's ratings; changes outlook to negative

Agency to withdraw UK subsidiary's ratings

Moody's confirms JSW Steel's Ba2 ratings with negative outlook due to Covid

Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021