Dec 08, 2016 at 17:34 | Source: PTI
The global oil and gas industry will continue to be plagued by the weight of high debt levels next year despite the Opec offer to lower production from January, which has helped the industry rebound modestly from its 2016 trough, says a report.
Dec 06, 2016 at 09:16 | Source: PTI
Last month, Tata Steel UK Holdings Ltd (TSUKH, a wholly- owned subsidiary of Tata Steel UK, announced that it had signed a letter of intent with Liberty House to enter into exclusive negotiations on the potential sale of its Specialty Steel business for an enterprise value of GBP 100 million.
Dec 02, 2016 at 14:46 | Source: PTI
The Payment Security Mechanism is based on tripartite agreements between the central government, state governments and the Reserve Bank, and these agreements ensure payments to NTPC in the event of default by state-owned distribution companies, Moody's said in statement.
Dec 01, 2016 at 15:00 | Source: PTI
In addition, the government's debt restructuring of the financially weak distribution utilities through UDAY scheme will likely improve their financial capacity to make timely payments to power generators, it said.
Nov 30, 2016 at 21:00 | Source: PTI
Moody's has downgraded creditrating of Reliance Communications from substantial credit riskscale to high credit risk scale on account of "weakperformance" of the company.
Nov 30, 2016 at 17:20 | Source: PTI
India is the "only area ofstrength" in the subdued Asian steel market aided by risingdemand and government measures to curb imports like MIP andanti-dumping duties, Moody's Investor Service said today.
Nov 30, 2016 at 15:36 | Source: CNBC-TV18
Speaking to CNBC-TV18 Kaustubh Chaubal of Moody's said that there is no change in ratings of Tata group companies but should any new facts emerge, then they would review them.
Nov 30, 2016 at 11:36 | Source: PTI
The ratings of four Tata Group operating companies continue to benefit from an uplift from the group's main holding company, Tata Sons, despite the group's ongoing board reshuffle, it said.
Nov 29, 2016 at 09:20 | Source: PTI
"Robust growth and low oil prices will underpin stable auto ABS performance despite the economic disruption from the demonetisation drive," Moody's Senior Vice-president Yian Ning Loh said in a report, adding that ABS backed by CV loans account for 45 percent of total volume outstanding.
Nov 25, 2016 at 14:24 | Source: PTI
"Shocking that Rs 1.28 lakh crore have been lost forever due to note-ban only in 'transactions' in the country, says CMIE, top research body. World-famous Moody's says 'note ban will badly disrupt economic activity'," Banerjee said in a statement here.