Page 8 - Moody's

Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum

Oil, natural gas prices may see sharp rise over Ukraine tensions: Moody's

Global oil and liquified natural gas (LNG) prices are likely to see a sharp rise in the event of a Russia-Ukraine conflict, Moody's Investors Service said

Moody's expects OMCs' margins to improve over 12-18 months on higher demand

'We expect the regional refining benchmark to average around $3-4/bbl over the next 12-18 months, balancing our expectations of demand recovery alongside incoming capacity additions,' says Moody's

Top headlines: 'OMCs' margins to improve'; 1st phase of UP polls tomorrow

Here are the top headlines on Wednesday

Weak fiscal strength to remain key credit challenge for India: Moody's

Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then

Budget credit positive for India Inc, fiscal challenges remain: Moody's

The path toward the government's medium-term deficit target of 4.5% of GDP by FY25 remains undefined.

Moody's assigns Baa2 rating to Reliance Industries' $5 bn bonds issue

Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook. Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. "RIL's Baa2 ratings reflect the company's large scale and dominant market position across its diverse businesses, its management's strong execution track record and our expectation that its credit metrics will remain strongly positioned for its Baa2 rating, despite its planned investments in clean energy and other business segments," Sweta Patodia, a Moody's Analyst, said in the rating agency's press statement. The firm's high dependence on the Indian economy through its digital services and retail businesses constrains its rating to one notch above that of the Indian sovereign rating, Patodia said. Moody's said RIL benefits from diversified earnings sources th

Moody's assigns Baa2 rating to Reliance Industries' proposed USD bonds

Moody's Investors Service assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited. The outlook on the rating is stable.

'Omicron's impact on emerging economies to depend on curbs, policy support'

"Countries with an assured supply of effective vaccines and delivery systems, and high levels of vaccine acceptance by the public, will remain better positioned," Moody's said.

Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody's

Moody's explained that despite an increase in debt, deferred spectrum payments have limited immediate impact on operators' liquidity and cash flow

Omicron adds new uncertainties to global economic outlook: Moody's

On Friday, it was designated a Variant of Concern' by the WHO

India Inc to show significant EBITDA growth in next 12-18 months: Moody's

The agency said that rising consumption, push for domestic manufacturing and benign funding conditions will support new investments

Market wrap: 6% rally in RIL stock powers gains for Sensex and Nifty

RIL shares rise as board approves restructuring plan; Bajaj Auto's m-cap falls below Rs 1-trillion mark; India Inc to show significant EBITDA growth in next 12-18 months, says Moody's

Moody's revises Airtel ratings outlook to 'positive' from 'stable'

It expects around 25 per cent year-on-year rise in consolidated adjusted EBITDA in FY22

Moody's revises Bharti Airtel ratings outlook to positive from stable

The outlook change reflects Bharti's improving operating performance and credit metrics which, if sustained, could support an upgrade to investment grade within the next 12-18 months, says Moody's

Vedanta business spinoff may not affect parent's credit quality: Moody's

Currently, there is no separate disclosure on free cash flow generation by the different businesses; after spinoff each entity will report separate financials

Moody's upgrades YES Bank's rating to B2; outlook 'positive'

Yes Bank's asset quality has deteriorated only modestly while its capital has remained stable

Moody's upgrades YES Bank's rating by a notch; changes outlook to positive

The rating action is because of substantial improvement in funding and liquidity position

Six Indian companies out of potential fallen angels list, says Moody's

Upgrade of India outlook, easing of Covid-19 pandemic effect trigger action

Moody's upgrades Lodha group's Macrotech Developers to B3; outlook positive

Move follows reduction in debt, improvement in performance