According to Moody's Global Macro Outlook 2020-202l, the baseline growth for 2020 has been revised for all G-20 economies
YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment
Moody's changes outlook on JSW Steel's ratings to stable from positive, affirms Ba2 ratings
Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings
To proceed with its proposed bond, Macrotech will first have to raise about $118 million and deposit the proceeds in an escrow account, which is a condition precedent
In a report, Moody's Investors Service said the announcement is credit negative for Pakistani banks
COVID-19 was first detected in Wuhan in China in December and has since affected thousands of people across the globe
But weak consumer demand and tight liquidity will likely limit any improvement in car sales this year, it added
From global recession over COVID-19 to Panagariya's comments on slowdown, here are the top stories for the day
HMEL's credit metrics were also impacted by its ongoing expansion into petrochemicals
The impact of the shuttering is large as China contributes a whopping 16 per cent of global GDP, up from 4 per cent when it was hit by the SARS virus in 2003
With the virus continuing to spread, it is still too early to make a final assessment of the impact on China (A1 stable) and the global economy.
Last week, the RBI harmonised guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors
Impact on Indian bulk handling ports unlikely due to negligible volumes linked to China
It is also underpinned by a sustained recovery in passenger traffic from the decline recorded in the first half of the financial year ending March 2020
'These forecasts appear ambitious given the combination of structural and cyclical challenges that the Indian economy faces'
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
'Vulnerability to extreme events related to sea level rise can also undermine investment'
Private-sector banks have a larger exposure to retail loans and may be more at risk
Financial stress among rural households and sluggish job creation are among the key drivers of the slowdown