Moody's Report

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody's Investors Service in its latest report on the banking sector in emerging markets

OMCs are likely to see weak earnings in current fiscal year despite fall in oil prices mainly because of losses they incurred on holding prices in the first half, Moody's Investors Service said

Moody's Analytics predicted the global economy to grow at 2.7 per cent in 2022 and slow to 2.3 per cent in 2023

As per the release, India's sovereign ratings has been retained by Moody's at Baa3 with a stable outlook

Moody's on Thursday said it has upgraded Yes Bank's rating while changing outlook to 'stable' on the back of its equity capital raise plan announced last week. The global rating agency has upgraded the private sector lender's long-term foreign currency issuer rating and long-term foreign and local currency back deposit ratings to 'Ba3' from 'B2'. It has also changed the outlook on Yes Bank's ratings to 'stable' from 'positive' and also adjusted the Baseline Credit Assessment (BCA) to 'b1' from 'b3'. "The upgrade of Yes Bank's BCA and ratings reflects the bank's planned equity capital raise, which will support its credit profile and strengthen its resilience against potential asset quality risks arising from headwinds such as higher inflation and tighter global financial conditions," Moody's Investors Service said in a release. On July 29, Mumbai-headquartered Yes Bank announced the raising of nearly Rs 8,900 crore (about USD 1.1 billion) through a mix of shares and warrants to be .

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.

Near-term prospects have turned more favourable, Moody's Analytics said

Moody's on Thursday upped India's growth projection for the next financial year beginning April 1

The disruptions from the coronavirus outbreak will strain finances for households and small businesses more severely

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago

Rough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service said in a report

The rapid and widening spread of the Covid-19, deteriorating global economic outlook, falling oil prices, and financial market turmoil are creating a severe and extensive economic and financial shock

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Stock market came under heavy selling pressure in the last hour of the session on Friday after global rating agency Moody's lowered India's outlook to 'negative' from stable

Penalising banks for past actions is not the best way to make the financial markets work better

Economists say that though Moody's cut is not really justified at this point, the move is a grim reminder of the state of the economy and the need to accept that all is not well

The central bank has so far this year cut interest rate by 110 basis points but lenders have transmitted only a part of it to borrowers in the form of a lower cost of taking loans

The losses to asset-backed securities (ABS) will also rise as the economy slows, said Moody's