Downgrade reflects Moody's expectation that China's financial strength will erode in coming years
On May 5, the central govt provided RBI with greater powers to intervene in the matter
Report said improvement in collections allowed auto ABS deals to replenish their credit facilities
The issue is part of SBI's $10 billion medium-term note programme
According to Moody's the rate of increase in 30 plus days delinquencies has recently stabilised
The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia
US-based agency declined to budge citing concerns over the country's debt levels and fragile banks.
In India, renewable generation could act as a complementary source of power rather than a competitor to thermal
This is mainly underpinned by consistent regulatory returns and its expectation of manageable increases in fuel costs
The Indian companies' R&D investments are low in absolute terms, but large relative to their size - at 5% to 8%
Finance Minister Arun Jaitley had last week questioned the global agencies' reluctance to recognise the government's reform measures
However, says Indian banking system's asset quality, loan loss coverage and capital ratios remain weak
The report says further development in the PPP framework may help stimulate more private investment
Moody's said that historical underinvestment and rapid economic growth are straining India's existing infrastructure
Under the draft bill, public sector banks will be brought under the ambit of the resolution framework
The Moody's rating cut may mean Turkey will have to pay more to borrow money on international markets
Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added
Moody's had said on Tuesday that it could upgrade India's rating in 1-2 years if it was convinced that reforms were 'tangible'
'Giving ruling before arguments starts' takes away relevance of meeting with rating agency
India's sovereign rating by Moody's stands at 'Baa3', the lowest investment grade, just a notch above 'junk' status