Moodys

Showing of 1 - 20 from 371 results
Moodys - Total results - 371
Moody’s downgrades Sri Lanka to ‘very high credit risk’ rating; nation asserts ability to meet debt obligations
World

Moody’s downgrades Sri Lanka to ‘very high credit risk’ rating; nation asserts ability to meet debt obligations

The agency said the country would be hard-pressed to secure funding for its external debt service payments amounting to approximately $4 billion annually

India among large emerging market sovereigns to have highest debt burden by 2021, says Moody's
Business

India among large emerging market sovereigns to have highest debt burden by 2021, says Moody's

Despite steps toward the resolution of high non-performing loans, the banking system continues to suffer from weak asset quality, and low loan-loss coverage and capital adequacy, it added

India reports over 30,000 COVID-19 cases in 24 hours for first time; testing measures ensuring early detection, says govt
India

India reports over 30,000 COVID-19 cases in 24 hours for first time; testing measures ensuring early detection, says govt

The Centre said the actual caseload of COVID-19 has remained limited and manageable in India due to proactive containment measures even as nationwide tally rose to 9,68,876 on Thursday

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
Business

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up

The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk
Business

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk

Moody's Investors Service has downgraded India's sovereign credit rating for the first time in more than two decades,

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's
Business

Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's

Reliance Industries selling over 17 percent stake in its digital unit Jio Platforms for a combined Rs 78,562 crore in one month will help pare about half of its net debt of Rs 1.61 lakh crore, Moody's Investors Service said on Friday

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's
Business

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's

Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's
Business

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's

Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak

Moody's cuts outlook for Indian power sector due to coronavirus-induced stress
Business

Moody's cuts outlook for Indian power sector due to coronavirus-induced stress

Moody's Investors Service on Friday cut its outlook for the Indian power sector to negative as it expects power demand to drop at least four to five percent in fiscal 2021 due to slowing activity and policy actions amid coronavirus-induced pressure

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis
Business

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.

Indian economy may contract 0.4% in FY21 on coronavirus pandemic, says two foreign brokerages
Business

Indian economy may contract 0.4% in FY21 on coronavirus pandemic, says two foreign brokerages

Two foreign brokerages on Friday predicted a contraction of 0.4 percent of India's GDP in the current financial year due to the impact of the COVID-19 pandemic

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's
Business

Rights issue credit positive for Reliance Industries; to result in debt reduction: Moody's

Moody's Investors Service on Monday said Reliance Industries' Rs 53,100 crore rights issue is credit positive as earnings will decline because of economic shutdowns

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage
Business

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage

International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks
Business

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks

The loan moratorium extended by banking regulators in countries like India and China to deal with the liquidity crunch amid COVID-19 crisis will provide temporary relief to borrowers, but will constrain banks from taking proactive recovery actions

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Coronavirus Outbreak: Fitch slashes India's GDP growth forecast to 30-year low of 2% for FY21
Business

Coronavirus Outbreak: Fitch slashes India's GDP growth forecast to 30-year low of 2% for FY21

Fitch Ratings on Friday said it has slashed India''s growth forecast for the current fiscal to a 30-year low of 2 percent, from 5.1 percent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected
Business

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected

Banks were the biggest drag for the 30-share BSE barometer which ended 674.36 points lower at 27,590.95.

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Business

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity

Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.