Nov 25, 2021 05:04 PM IST
These trends, including high commodity prices, will propel significant growth in rated companies’ EBITDA over the next 12-18 months, Moody’s Analyst Sweta Patodia said.
- Nov 10, 2021 08:34 PM IST
The ratings agency said it has has upgraded Yes Bank's issuer rating to B2 from B3 "because its funding and liquidity have substantially improved in the past year, which have strengthened depositor and credit confidence in the bank".
- Oct 19, 2021 12:52 PM IST
Moody’s Investors Service has revised its outlook for the Indian banking system to stable from negative backed by stabilizing asset quality and improved capital levels.
- Oct 07, 2021 09:16 AM IST
Even if calendar year growth of 8.8 percent and 8.3 percent are considered, India would still be the fastest-growing economy. India’s adequacy of foreign exchange reserves should be the least of the worries for credit rating agencies.
- Oct 06, 2021 08:41 PM IST
The US-based rating agency had on Tuesday raised India's sovereign rating outlook to 'stable', from 'negative', while affirming the 'Baa3' rating — which is the lowest investment grade, just a notch above junk status.
- Oct 06, 2021 07:55 PM IST
For this exercise, six nations have been taken, including India, whose long-term sovereign debt have been assigned the two lowest investment grade ratings by Moody’s: Baa2 and Baa3.
- Oct 06, 2021 04:59 PM IST
In today’s edition of Moneycontrol Pro Panorama: Moody’s change of mind, The NBFC worry line, ‘chemical’ reaction to China crisis, IT’s on a roll, Merck drug shows promise, what decides returns, and more
- Oct 06, 2021 03:42 PM IST
This follows an upgrade of India's sovereign credit rating by Moody's to stable from negative on October 5
- Oct 06, 2021 02:00 PM IST
The economy is doing better and banks have reined in their bad loans prompting Moody’s to change its rating outlook on India.
- Oct 06, 2021 09:47 AM IST
Despite brighter macroeconomic prospects, a string of policy reforms, and a fast recovering financial sector emerging from a rubble of bad loans, India’s credit rating still remains tantalisingly close to the ‘junk status’
- Oct 06, 2021 08:41 AM IST
The repair of bank balance sheets has removed a key overhang from the economy and has lowered the risks of negative feedback from the financial to the real economy
- Oct 05, 2021 06:48 PM IST
While risks stemming from a high debt burden and weak debt affordability remain, Moody's expects that the economic environment will allow for a gradual reduction of the general government fiscal deficit over the next few years, preventing further deterioration of the sovereign credit profile.
- Oct 05, 2021 06:37 PM IST
"The decision to change the outlook to stable reflects Moody's view that the downside risks from negative feedback between the real economy and financial system are receding," Moody's said in a report on October 5.
- Sep 17, 2021 02:07 PM IST
The views come against the backdrop of a blockbuster relief package announced earlier this week for the telecom sector that includes a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid, and 100 per cent foreign investment through the automatic route.
- Aug 27, 2021 02:22 PM IST
According to Moody's scale of ratings, obligations rated Ba are judged to be speculative and subject to substantial credit risk.
- Aug 26, 2021 01:48 PM IST
It said that the second wave of coronavirus infections in India has exacerbated stress among individuals and small businesses that were hit the hardest by the initial outbreak. Still, a number of factors will prevent sharp increases in problem loans, and banks have sufficient buffers to absorb anticipated loan losses.
- Aug 24, 2021 06:15 PM IST
Moody's Investors Service has affirmed holding company Vedanta Resources Ltd's (VRL) B2 corporate family rating.
- Jun 23, 2021 12:23 PM IST
In its report titled "Macroeconomics – India: Economic shocks from second COVID wave will not be as severe as last year's, Moody's said high-frequency economic indicators show that the second wave of COVID-19 infections hit India's economy in April and May. With states now easing restrictions, economic activity in May is likely to signify the trough.
- Jun 01, 2021 11:18 AM IST
Moody's, which has a 'Baa3' rating on India with a negative outlook, said it expects a decline in economic activity in the June quarter due to reimposition of lockdown measures along with behavioural changes on fear of contagion.
- May 14, 2021 05:29 PM IST
The deterioration is likely to be more than foreseen
- May 14, 2021 10:32 AM IST
- May 12, 2021 11:52 AM IST
Asian markets are trading at two-month lows as the commodity price surge fuels inflation fears and an earlier than expected hike in US rates
- May 11, 2021 06:37 PM IST
The ratings agency also ruled out an upgrade in India's sovereign ratings in the near future. Moody's has said India's credit profile remains constrained by obstacles to economic growth such as a high debt burden and a weak financial system.
- Apr 13, 2021 12:32 PM IST
Moody's further predicted that the GDP was still likely to grow in the double digits in 2021, given the low level of activity in 2020.
- Feb 25, 2021 10:49 PM IST
It said the government's fiscal deficit for 2020-21 and 2021-22 should be lower than projected, supported by stronger revenue generation in ongoing March quarter and higher nominal GDP growth in the next fiscal year.