Moodys
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Moody's ups India's growth forecast to 9.5% for 2022
Business | Feb 24, 2022, 01:25 PM ISTIn November last year, Moody's had forecast India's economy to expand 7.9 per cent in the 2022-23 fiscal beginning Aptil 1. As per official estimates, Indian economy is estimated to grow at 9.2 per cent in the current fiscal ending March 31.
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Moody's upgrades India's outlook to stable, affirms rating
Business | Oct 05, 2021, 07:19 PM ISTThe sovereign rating by Moody's stands at 'Baa3' -- which is the lowest investment grade, just a notch above junk status.
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India's economic activity picking pace, further upside to growth likely: Moody's
Business | Aug 31, 2021, 04:20 PM ISTMoody's Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies around the world gradually reopen.
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IndiaEs inflation uncomfortably high: Moody's Analytics
Business | Mar 30, 2021, 01:59 PM ISTIndiaEs inflation trend is uncomfortably high which will restrict the Reserve Bank's ability to offer further rate cuts, Moody's Analytics said.
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Moody's terms HDFC Bank's multiple digital outages 'credit negative'
Business | Dec 07, 2020, 02:43 PM ISTLast week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.
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Conditions will improve for Indian corporates in 2021 as economic activity gathers pace: Moody's
Business | Dec 02, 2020, 05:22 PM ISTConditions will improve for Indian corporates next year as economic activity picks up steam post-lockdown and earnings grow on the back of widespread demand revival across sectors, Moody's Investors Service said on Wednesday.
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Conditions to improve for Indian corporates in 2021: Moody's
Business | Dec 02, 2020, 12:04 PM ISTIn its 2021 outlook for rated Indian non-financial corporates, Moody's cited earnings growth on the back of widespread demand revival across sectors as the reason for giving a 'stable outlook' for Indian corporates in 2021.
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Moody's revises upwards India GDP forecast to -8.9% in 2020
Business | Nov 12, 2020, 02:25 PM ISTMoody's Investors Service on Thursday revised upwards its GDP forecasts for India to (-) 8.9 per cent contraction in the 2020 calendar year, as the economy reflates after a long and strict nationwide lockdown but said the recovery is patchy.
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Moody's welcomes amendment to Bank resolution framework, says will boost depositor confidence
Business | Jul 02, 2020, 02:33 PM ISTMoody's Investors Service on Thursday said the amendments to India''s bank resolution framework are credit positive as they will help preserve depositor confidence.
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Package for financial sector to ease asset risks, but won't fully offset COVID-19 blow: Moody's
Business | May 19, 2020, 12:31 PM ISTMoody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak.
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Moody's sees India’s economic growth at ‘zero’ in FY21 amid coronavirus crisis
Business | May 08, 2020, 02:14 PM ISTMoody's Investors Service on Friday said it estimates India's GDP growth to hit ‘zero' in FY21 and pointed to a wide fiscal deficit, high government debt, weak social and physical infrastructure and a fragile financial sector.
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Moody's slashes India growth forecast to 0.2% for 2020
Business | Apr 28, 2020, 08:40 PM ISTMoody's Investors Service on Tuesday slashed India growth forecast for the calendar year 2020 to 0.2 percent, from 2.5 percent projected in March. For 2021, Moody's expects India's growth to rebound to 6.2 percent.
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RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's
Business | Apr 19, 2020, 07:24 PM ISTThe Reserve Bank of India's (RBI) measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody's Investors Service said on Sunday.
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Moody's slashes India GDP growth in 2020 to 2.5 pc amid COVID-19 outbreak
Business | Mar 27, 2020, 10:43 AM ISTMoody's Investors Service on Friday slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent and said the coronavirus pandemic will cause unprecedented shock to the global economy.
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Coronavirus: Moody's cuts India growth forecast to 5.3% for 2020 on dampened domestic demand
India | Mar 09, 2020, 04:37 PM ISTMoody's Investors Service on Monday cut its growth forecast for India to 5.3 per cent for 2020 from 5.4 per cent estimated earlier, as it expects the coronavirus outbreak to dampen domestic demand globally.
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Moratorium on Yes Bank credit negative: Moody's
Business | Mar 06, 2020, 10:42 AM ISTThe Reserve Bank on India's moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action action highlights continued uncertainty around bank resolutions, Moody's Investors Service said on Friday.
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Moody's assigns Baa1 rating to ONGC's proposed senior unsecured notes
Business | Nov 20, 2019, 01:51 PM ISTONGC's ratings may experience downward pressure if the sovereign rating is downgraded, ONGC increases its pace of acquisitions such that it results in higher business risk and a deterioration in its credit metrics, or oil prices decline on a sustained basis resulting in weak cash flow generation and a deterioration in ONGC's credit metrics, Moody's said.
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Tata Motors' India operations face acute challenges: Moody's
Business | Nov 12, 2019, 03:01 PM ISTMoody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors. The rating outlook is negative, Moody's said in a statement.
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Turbulence in world politics hurting growth: Moody's
Business | Nov 11, 2019, 02:22 PM ISTThe antagonistic political environment is weakening global and national institutions, lowering the shock-absorption capacity of sovereigns with high debt burdens and low fiscal buffers, it said.
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Fundamental of Indian economy robust: Finance Ministry
Business | Nov 08, 2019, 11:48 AM ISTThe ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.