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Moody's Investors Service News

Moody's Investors Service

01 Mar 2023

Moody's Ups India's Growth Projection For 2023 To 5.5% On Higher Capex Budget

In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.

05 Oct 2021

Moody's upgrades outlook on India to stable from negative

Moody's said India's decision to keep the financial institutions flush with liquidity also reduced the risk to the country from the financial sector. The latest move by Moody`s supports the government view that India is rebounding at a pace faster than earlier anticipated and doubts about its economic revival have been put to rest. India's economy grew 20.1% during the April-June period, versus a 24.4% contraction during the same period last year.

11 Sep 2020

Moody's projects Indian economy to contract 11.5% this fiscal

It said India's credit profile is increasingly constrained by low growth These risks have been exacerbated by the coronavirus pandemic. For 2021-22, it projected the economy to clock a growth of 10.6 per cent.

Moody's Investors Service

01 Sep 2020

India among large emerging mkt sovereigns to have highest debt burden by 2021

Moody's said medium-term growth and fiscal challenges pose downside risks. Increased stress within the financial system raises contingent liability risks to the sovereign. Lingering fragilities in the sector are likely to be compounded by a prolonged period of subdued economic activity compared to pre-coronavirus levels

Moody's Investors Service

01 Jun 2020

Moody's downgrades India's ratings to Baa3, maintains negative outlook

The agency's negative outlook reflects dominant, mutually-reinforcing, downside risks from deeper stresses in the economy and financial system that could lead to more severe and prolonged erosion in fiscal strength than Moody's current projects.

08 Nov 2019

Fundamentals of economy quite robust: India after Moody’s change in outlook

The Finance Ministry issued a statement in which it said, ''India continues to be among the fastest-growing major economies in the world and its relative standing remains unaffected. ''

Moody's Investors Service

05 Feb 2019

Moody's downgrades Bharti Airtel credit rating to Ba1

Ratings range between Aaa, which means best, to lowest category C.

Moody's Investors Service

25 Jan 2019

Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage

The government had budgeted the fiscal deficit for the current financial year at 3.3 per cent of the gross domestic product (GDP). However, in the April-November period, the deficit touched 114.8 per cent of the budget estimates.

Moody's Investors Service

27 Nov 2018

Moody's downgrades Yes Bank ratings; changes outlook to negative

Moody's said while Yes Bank's current asset quality metrics are superior to those of its Indian peers, its aggressive growth strategy poses asset risks.

Moody's Investors Service

14 Nov 2018

Moody's changes rating outlook on Tata Motors to negative

The ratings agency has also affirmed the 'corporate family rating' and the company's senior unsecured instruments ratings at Ba2, which is considered to be speculative grade and subject to substantial credit risk.

Moody's Investors Service

08 Nov 2018

Moody's places Bharti Airtel's rating on review for downgrade

'Baa3' is the lowest investment-grade bond ratings, and any downgrade would put the rating in speculative grade.

08 Nov 2018

India's economic growth to slow to 7.3% in 2019: Moody's

Moody's said the economy grew 7.9 percent in the first half (January-June) of 2018, which reflects post demonetisation base effect.

India GDP growth

06 Nov 2018

Despite many challenges, growth to be near-trend in '19: Moody's

The GDP growth accelerated to 8.2 percent in the June quarter of the current fiscal year, after clocking a 6.7 percent expansion in fiscal 2018.

Indian refiners

27 Sep 2018

India should reduce or stop crude oil import from Iran: Moody's

India is the second largest buyer of Iranian crude after China, accounting for about 30 percent of total crude exports from the Persian Gulf nation during April-August 2018.

Moody's Investors Service

18 Sep 2018

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The government Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.

Moody's Investors Service

21 Aug 2018

Govt aid will give capital relief to banks, but stress will remain: Moody's

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

India currency pressures

28 Jun 2018

India least vulnerable to US dollar strengthening: Moody's

Moody's said although India's CAD has widened, driven in part by the recent rise in oil prices, it remains modest as a percentage of GDP and is largely financed by equity inflows, including foreign direct investment.

31 May 2018

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

It said most sovereigns have embarked on tax administration and compliance reforms, especially through the centralisation of multiple agencies and increased usage of technology.

Moody's Investors Service

30 May 2018

High oil prices force Moody's to reduce India's growth forecast

Moody's, however, maintained its 2019 growth forecast at 7.5 percent.

Moody's Investors Service

21 May 2018

Moody's downgrades PNB, cites negative impact of fraud on capital

The agency downgraded PNB's foreign currency issuer rating by a notch to 'ba1', which is non-investment grade, from 'Baa3'- meaning below investment grade.

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