Page 11 - Moody's
Acquisition of Future Group to strengthen RIL's retail footprint: Moody's
Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr
 "Acquisition of Future Group to strengthen RIL's retail footprint: Moody's")
Covid-19 impact: Moody's lowers SBI's baseline credit assessment to 'ba2'
The rating agency, however, affirmed SBI's Baa3 deposit ratings
 "Covid-19 impact: Moody's lowers SBI's baseline credit assessment to 'ba2'")
India to post strong GDP growth pick up in second half of 2020: Moody's
For 2021 year, Moody's has projected Indian economy to grow 6.9 per cent
PSBs to need Rs 2.1 trn over next 2 yrs; govt support to continue: Moody's
According to Moody''s, the sharp slowdown in India''s economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs
 "PSBs to need Rs 2.1 trn over next 2 yrs; govt support to continue: Moody's")
ICICI Bank's Rs 15,000 cr equity raise is credit positive: Moody's
The fresh capital raise will add in 170 basis points to the consolidated Common Equity Tier-1 (CET1) ratio from 13.4 per cent at the end of June 2020, after including profit for the June quarter.
 "ICICI Bank's Rs 15,000 cr equity raise is credit positive: Moody's")
Moratorium, economic downturn raising risks for asset-backed securities
In the case of auto ABS rated by Moody's, 70-100 per cent of the underlying loans (as percentage of the outstanding principal) are on moratorium
 "Moratorium, economic downturn raising risks for asset-backed securities")
Moody's assigns B3 rating with negative outlook to Vedanta's USD notes
Though the notes will carry security in the form of a pledge on shares, Moody's does not view their position to be superior to the secured and unsecured debt at various operating companies
 "Moody's assigns B3 rating with negative outlook to Vedanta's USD notes")
India FY21 steel consumption to fall at least 10% due to Covid-19: Report
The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020
 "India FY21 steel consumption to fall at least 10% due to Covid-19: Report")
Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative
Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement
 "Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative")
Moody's downgrades Hero FinCorp ratings; outlook revised to negative
Today's rating action concludes the review for downgrade initiated on April 13, 2020, Moody's said in statement
 "Moody's downgrades Hero FinCorp ratings; outlook revised to negative")
FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's
The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said
 "FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's")
Airline industry disruption due to Covid has far-reaching effects: Moody's
Industry is a critical cog in the broader global economy, says investor service company
 "Airline industry disruption due to Covid has far-reaching effects: Moody's")
Capital infusion in 3 state-owned insurers 'credit positive': Moody's
It further added that, the government's goal of listing the companies on the stock market will become feasible only after this
 "Capital infusion in 3 state-owned insurers 'credit positive': Moody's")
Moody's confirms Tata Steel's ratings; changes outlook to negative
Agency to withdraw UK subsidiary's ratings
 "Moody's confirms Tata Steel's ratings; changes outlook to negative")
Moody's confirms JSW Steel's Ba2 ratings with negative outlook due to Covid
Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021
 "Moody's confirms JSW Steel's Ba2 ratings with negative outlook due to Covid")
Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign
Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings
 "Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign")
Moody's extends review for downgrade on Hero FinCorp's Baa3 rating
The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults
 "Moody's extends review for downgrade on Hero FinCorp's Baa3 rating")
Top headlines: Trump blocks H-1B visa; India may cap China FPI investments
From Donald Trump blocking H-1B visa for certain foreign workers, Moody's lowering India GDP forecast to Maruti launching new BS-VI S-Presso, here are top news of the day
 "Top headlines: Trump blocks H-1B visa; India may cap China FPI investments")
Moody's projects India GDP to shrink 3.1% in 2020, flags geopolitical risk
However, Moody's expects the Indian economy to register 6.9 per cent growth in 2021
Coronavirus effects likely to accelerate energy transition: Moody's
Recessionary forces and weaker long term growth expectations will place pressure on both corporate and household demand
 "Coronavirus effects likely to accelerate energy transition: Moody's")
