Page 9 - Moody's
US economy will recover but Covid bruises will last several years: Moody's
Moody's expects US economic activity to return to its pre-coronavirus path by the end of 2021, but an elevated unemployment rate and a lagging recovery in the hardest-hit sectors will leave bruises
 "US economy will recover but Covid bruises will last several years: Moody's")
Climate-change linked downgrades could cost countries $270 billion-a-year
The estimates comes amid warnings by policy makers from around the world that financial markets are underpricing the risk of climate change on asset prices, with potentially costly future corrections
 "Climate-change linked downgrades could cost countries $270 billion-a-year")
Top headlines: iPhone 12 assembly in India, Buffett joins $100 bn club
Business Standard brings you top news of the evening
 "Top headlines: iPhone 12 assembly in India, Buffett joins $100 bn club")
Most economies won't return to pre-Covid activity levels by 2022: Moody's
Moody's Investors Service said the credit downturn arising out of Covid-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022
 "Most economies won't return to pre-Covid activity levels by 2022: Moody's")
Indian renewable firms underperformed but credit quality intact: Moody's
Moody's said India's renewable energy sector grew by 20% in the last five years
 "Indian renewable firms underperformed but credit quality intact: Moody's")
India likely to grow 13.7% next year; fiscal position weak: Moody's
Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption
RIL gets Sebi approval to hive off O2C business into independent subsidiary
Company again mentions that its talks with Aramco for what could be one of the largest downstream transactions in India are on
 "RIL gets Sebi approval to hive off O2C business into independent subsidiary")
Economic recovery reduces slippage risk for Indian PSBs: Moody's
"While the government's capital infusion into public sector banks will help them meet Basel capital requirements, it will not boost credit growth," the agency said
 "Economic recovery reduces slippage risk for Indian PSBs: Moody's")
Moody's upgrades power sector outlook to stable on generation uptick
For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline
 "Moody's upgrades power sector outlook to stable on generation uptick")
Top headlines: RBI holds rates, Pfizer withdraws vaccine application & more
Business Standard brings you top news of the evening
 "Top headlines: RBI holds rates, Pfizer withdraws vaccine application & more")
Spike in India bank's stressed loans slower due to govt measures: Moody's
Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks' asset quality
 "Spike in India bank's stressed loans slower due to govt measures: Moody's")
Slower consolidation to constrain fiscal strength over medium term: Moody's
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected
 "Slower consolidation to constrain fiscal strength over medium term: Moody's")
Moody's raises doubts on higher revenue targets from tax, divestment
Moody's, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation
Indian insurers to withstand pandemic-led downturn: Moody's
Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, the report said
 "Indian insurers to withstand pandemic-led downturn: Moody's")
Coronavirus pandemic to keep repayment risks elevated for securtised loans
Weak economic conditions will continue to hurt borrowers' ability to repay loans, keeping performance risks for asset-backed securities (ABS) elevated
 "Coronavirus pandemic to keep repayment risks elevated for securtised loans")
India only market in A-Pac with negative power sector outlook: Moody's
Stabilising cash flows amid power demand recovery, gradual pace of regulatory change and manageable transition to a low carbon economy underpin Moody's stable outlook for Asia-Pac power sector in 2021
 "India only market in A-Pac with negative power sector outlook: Moody's")
HDFC Bank's frequent digital outages credit negative, says Moody's
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
 "HDFC Bank's frequent digital outages credit negative, says Moody's")
Moody's downgrades Vedanta Resources' CFR to B2 citing weak liquidity
Revised ratings on firm's senior unsecured bonds from "B3" to "Caa1". All ratings remain under review for further downgrade
 "Moody's downgrades Vedanta Resources' CFR to B2 citing weak liquidity")
Conditions to improve for India Inc in 2021 as economy revives: Moody's
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
LVB bond write-down credit positive for creditors, depositors: Moody's
Terms and conditions of Indian Basel III compliant AT1 and tier-II securities specify that such securities will be written down before authorities can step in to support a bank
 "LVB bond write-down credit positive for creditors, depositors: Moody's")
