Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events
Global credit rating agency Moody's Investors Service reduced the 2022 real gross domestic product (GDP) growth forecast for G-20 countries to 2.5 per cent from 3.1 per cent made in May
Affirms Baa3 deposit ratings of both Indian private sector lenders; outlook on ratings for both banks, where applicable, remains stable
Have buffers to withstand further 10-15 per cent depreciation
In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year
The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality
The ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time
Moody's Investors Service has assigned a Ba3 rating to Adani Green Energy's proposed USD senior secured notes.
Fragile external liquidity position raises the risk of default
The lender's asset quality slipped marginally in the economic disruption caused by the Covid-19 pandemic, says agency.
The recurring outages also risk hurting the bank's brand perception among a growing and increasingly digital-savvy customer base, and increase the chances of clients switching to other banks
Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022
The government has been unable to borrow since a debut Eurobond in 2017, forcing it to rely on the General Reserve Fund instead.
Moody's said recovery will gather pace in the third quarter of fiscal 2021 (Q3Fy21) as the lifting of lockdown releases pent-up demand and helps to normalise economic conditions
The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period
The disruptions from the coronavirus outbreak will strain finances for households and small businesses more severely
Says economic shock from Covid-19 may weaken borrower credit profiles and hurt their asset quality. outlook on ratings of all four is negative
Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings
India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.