Page 7 - Moody’s
Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments
Affirms Baa3 deposit ratings of both Indian private sector lenders; outlook on ratings for both banks, where applicable, remains stable
 "Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments")
Financial health of discoms hurdle for renewable energy sector: Moody's
The payment delays to the state-owned distribution companies are common, leading to a build-up of receivables from off-takers and an increase in working capital debt for renewable energy companies
 "Financial health of discoms hurdle for renewable energy sector: Moody's")
India pitches sharp economic recovery to make case for ratings upgrade
Government officials have admitted that global inflationary pressures due to Russia's invasion of Ukraine have hit household savings and corporate margins, and will impact growth
 "India pitches sharp economic recovery to make case for ratings upgrade")
Moody's downgrades cash-strapped Pakistan's outlook from stable to negative
The Moody's report added that the country's 'weak institutions and governance strength' had added uncertainty around the future direction of macroeconomic policy
 "Moody's downgrades cash-strapped Pakistan's outlook from stable to negative")
Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale
The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India
 "Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale")
Moody's upgrades Bharti Airtel's rating to 'Baa3'; outlook stable
Continuous improvement in operational profile, financials triggers upgrade, says the ratings agency
 "Moody's upgrades Bharti Airtel's rating to 'Baa3'; outlook stable")
Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation
Says rise in crude, food, and fertiliser prices will weigh on household spending
Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 per cent
In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year
 "Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 per cent")
Russia-Ukraine war may expose 42% India firms to significant risks: Moody's
The military conflict between Russia and Ukraine is impacting companies in Asia Pacific
 "Russia-Ukraine war may expose 42% India firms to significant risks: Moody's")
Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth
Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.
 "Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth")
India's policy challenges will hinder net-zero progress, says Moody's
Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals
Ukraine crisis: Russia may be in default, says Moody's
If Moscow is declared in default, it would mark Russia's first major default on foreign bonds since the years following the 1917 Bolshevik revolution
 "Ukraine crisis: Russia may be in default, says Moody's")
Moody's maintains 'stable' outlook for Indian banks on recovering economy
It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks
Moody's terms no confidence motion credit negative for Pakistan
'The motion comes at a time when Pakistan is encumbered with surging inflation and widening current account deficits amid rising global commodity prices'
 "Moody's terms no confidence motion credit negative for Pakistan")
UPI open architecture limits fintech growth in other fin services: Moody's
Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions
Indian fintech payment firms have no data advantage over banks: Moody's
As RBI barred Paytm from taking on new customers for its Payments Bank, a new report said fintech platforms' dominance in digital payments may not result in a significant data advantage over banks
 "Indian fintech payment firms have no data advantage over banks: Moody's")
Food inflation on Ukraine crisis could force RBI's hand on rates: Economist
The RBI would like to keep interest rates unchanged for a while longer and not put any roadblocks in front of the Indian economy, says Moody's Analytics' Steve Cochrane
 "Food inflation on Ukraine crisis could force RBI's hand on rates: Economist")
Russia cut to 'junk' by Moody's, Fitch; tanks roll into Kherson
Moody's cut Russia's ratings to B3 from Baa3, with the ratings company saying there may be further cuts
 "Russia cut to 'junk' by Moody's, Fitch; tanks roll into Kherson")
Sustained Russia-Ukraine conflict likely to raise gas prices: Moody's
Global gas prices are expected to rise if any material and sustained escalation in the conflict between Russia and Ukraine puts constraints on Russia's gas exports, Moody's Analytics said.
 "Sustained Russia-Ukraine conflict likely to raise gas prices: Moody's")
Moody's ups India's FY23 growth forecast to 8.4%; Fitch maintains 10.3%
Had predicted 7.9%; says oil & supply could spoil party
 "Moody's ups India's FY23 growth forecast to 8.4%; Fitch maintains 10.3%")