Moody

Friday, Apr 19, 2024 | Last Update : 09:26 PM IST

Moody's cuts India's rating to lowest investment grade with negative outlook

India’s economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years

02 Jun 2020 9:07 AM

Moody’s peer Fitch Ratings had last month cut the country’s GDP growth forecast for 2019-20 fiscal year to 4.6 per cent and said growth would recover to 5.6 per cent in FY21.

Moody’s cuts 2020 growth to 5.4 per cent

Moody's growth projections are based on calendar year and as per its estimates, India’s GDP grew 5 per cent in 2019.

18 Feb 2020 1:54 AM

On July 17 2019, Yes Bank reported its financial performance for the quarter ended June 30, 2019.

Yes Bank ratings under review again

The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second quarter.

06 Aug 2019 2:42 AM

Telecom operators in India, Indonesia, and Bangladesh continue to focus on further strengthening and densifying their 4G networks.

Spectrum auctions in India likely in second half of 2020: Moody's

All telecom operators, except Reliance Jio, have been under pressure due to huge debt and decline in margins.

28 Jun 2019 9:14 AM

The government has budgeted for total expenditure growth of 13.3 per cent annually in 2019-20 from 14.7 per cent in the current fiscal.

Cash transfer to farmers, middle-class tax relief to boost growth: Moody's

GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted expectations.

05 Feb 2019 5:47 PM

Moody's said the Budget proposals are positive for the real estate sector but negative for state-owned oil and gas companies. (Photo: AFP)

Fiscal slippage for two consecutive years credit negative: Moody's

Government announced slippage from its original fiscal deficit targets to 3.4 per cent of GDP both for the fiscal years

05 Feb 2019 12:14 PM

The RBI after a nine-hour marathon board meeting announced on Monday that it has extended the timeline for the Indian banks to set aside an additional 0.625 per cent as capital conservation buffer by one year to March 31, 2020 to help banks to lend more.

Easing capital rules get flak

Moody’s said that the track record of such dispensations on asset classification, when seen over the last few years in India.

21 Nov 2018 3:55 AM

The agency also said that these firms have limited ability to incur fresh debt at their current rating levels.

Buybacks to hit IT firms’ future

Moody’s, however, said that the global IT services industry is set to grow strongly over the next 18-24 months.

18 Oct 2018 1:11 AM

The proposed investment by the LIC into the bank will be funded by policyholder funds rather than the life insurers own funds.

Moody's places IDBI Bank's long-term ratings for upgrade

The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.

25 Jul 2018 1:23 PM

The preferential share sale to the parent is part of a Rs 24,000-crore capital raising plan announced earlier.

HDFC Bank's capital raising to lift capital buffers by 300 bps

Rs 8,500-crore infusion last week through a preferential allotment to parent HDFC will increase the common equity tier 1 ratio.

23 Jul 2018 3:18 PM

Philippines, India and Indonesia – are likely to garner the most support from ongoing tax reforms in the medium term.

Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:51 PM

Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 Apr 2018 7:18 PM

The pick-up in economic growth in India is positive for asset-backed securities (ABS), as it supports the ability of borrowers to earn income and repay their loans, Moody's Investors Service said on Thursday.

Uptick in economic growth positive for Indian asset backed loans: Moody's

It supports the ability of borrowers to earn income and repay their loans.

12 Apr 2018 3:50 PM

Housing loans continue to be seen as the best performing retail loan asset class in the country.

Affordable home-loans next threat to banks: Moody's-Icra report

Gross-nonperforming assets in the affordable housing segment have inched up to 1.8 per cent as of Sept 2017.

09 Jan 2018 9:45 AM

India's rating upgrade reflects growth story: NITI Aayog

Moody's upgraded India's sovereign rating after a gap of 13 years to Baa2.

17 Nov 2017 1:17 PM

The BSE bank index also rose by 1.90 per cent to trade at 29,450.39. (Photo: PTI/File)

Bank stocks surge up to 6 pc as Moody's ups India rating

The broader market also cheered the news as the BSE Sensex jumped 331.72 points to trade at 33,438.54.

17 Nov 2017 12:17 PM

1 of 1

Columns

Mohan Guruswamy

moody