Moodys Investors-service

Showing of 1 - 20 from 81 results
Moodys Investors-service - Total results - 81
Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut
Business

Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut

Kotak Mahindra Bank was the top gainer in the Sensex pack, rising around 7 percent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.

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

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Business

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.

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.

Global economy continues to slide as coronavirus outbreak worsens; uncertainty will remain for at least several months: Moody's
Business

Global economy continues to slide as coronavirus outbreak worsens; uncertainty will remain for at least several months: Moody's

The rapid spread of the coronavirus in the last two weeks, widespread business closures and unprecedented restrictions on social interactions will result in a permanent hit to global economic activity this year, according to Moody's Investors Service

Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise
Business

Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise

Yes Bank said it has received non-binding expressions of interest from companies including JC Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP (part of Oak Hill Advisors); and Silver Point Capital

Moody's downgrades Indusind Bank's outlook to 'negative' on concerns over deterioration in asset quality
Business

Moody's downgrades Indusind Bank's outlook to 'negative' on concerns over deterioration in asset quality

Concerns over a further deterioration in asset quality have led ratings agency Moody's Investors Service to revise down its outlook on Indusind Bank to 'negative' from 'stable' on Tuesday

Moody's Investors Service, Fitch Ratings give stable outlook to India Infoline Finance Ltd
Business

Moody's Investors Service, Fitch Ratings give stable outlook to India Infoline Finance Ltd

Moody's Investors Service has assigned a first-time Ba3 corporate family rating to India Infoline Finance Ltd

Yes Bank plummets over 10% after Moody's downgrades rating of lender with a negative outlook
Business

Yes Bank plummets over 10% after Moody's downgrades rating of lender with a negative outlook

The rating downgrade comes days before the board of Yes Bank is slated to meet to finalise fund raising plans on 10 December.

All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh
Business

All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh

Last Friday, the government slashed corporate tax by almost 10 percentage points as part of efforts to pull the economy out of a six-year low growth rate with a Rs 1.45-lakh crore tax break.

Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to revive economy
Business

Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to revive economy

Nirmala Sitharaman’s bold move on corporate tax cut signals shift from baby steps to radical reform, precisely what the economy needed

Moody's cuts India GDP growth forecast to 6.2% for 2019 from previous estimation of 6.8%
Business

Moody's cuts India GDP growth forecast to 6.2% for 2019 from previous estimation of 6.8%

Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent

India faces continued fiscal challenges, despite lower deficit target: Moody's
Business

India faces continued fiscal challenges, despite lower deficit target: Moody's

Weak growth prospects for India will complicate the government's fiscal consolidation efforts, weighing on the sovereign's credit quality, Moody's Investors Service said on Tuesday

Union Budget 2019: Moody's calls Budget a series of competing goals despite slow growth rate
India

Union Budget 2019: Moody's calls Budget a series of competing goals despite slow growth rate

Global rating agency Moody's Investors Service has opined that achieving the "competing budgetary goals" of lower fiscal deficit would be challenging.

Shares in ICRA fall after CEO Naresh Takkar sent on leave amid regulatory concerns
Business

Shares in ICRA fall after CEO Naresh Takkar sent on leave amid regulatory concerns

ICRA said in May it had appointed external experts to probe the anonymous complaint concerning the credit rating it assigned to one of its customers

Spectrum auctions in India likely in second half of 2020, says Moody's; majority of telecom operators under huge debt
Business

Spectrum auctions in India likely in second half of 2020, says Moody's; majority of telecom operators under huge debt

Sale of spectrum in 2019 is unlikely, especially given the telcos' request to the government to restructure their existing spectrum debt

Yes Bank's balance sheet clean-up to strain profitability in next 12-18 months: Moody's
Business

Yes Bank's balance sheet clean-up to strain profitability in next 12-18 months: Moody's

On 26 April, Yes Bank reported its first-ever quarterly loss since its inception in 2004 at Rs 1,506 crore in the January-March quarter

Moody's upgrades Tata Steel's corporate family rating to Ba2 on sustained improvement in firm's credit profile
Business

Moody's upgrades Tata Steel's corporate family rating to Ba2 on sustained improvement in firm's credit profile

The stable outlook reflects Moody's expectation that Tata Steel's strong operating performance will translate into a sustained improvement in credit metrics.

Moody's downgrades Lodha Developers outlook on weak sales; operating sales of builder in FY 2018-19 to be 25% lower
Business

Moody's downgrades Lodha Developers outlook on weak sales; operating sales of builder in FY 2018-19 to be 25% lower

The agency said it expects Lodha's operating sales in the fiscal year 2018-19 to be 25 percent lower than what it had achieved in the previous 12 months