Moody's said the impact of the two US banks going down will be limited in India and other financial institutions in the APAC region due to structural factors
The credit rating company cited concerns over the lenders' reliance on uninsured deposit funding and unrealized losses in their asset portfolios
China's reliance on semiconductor imports is unlikely to diminish over the medium term given constraints on its advanced chip production
Moody's Investors downgrades global outlook for auto to negative from stable
Moody's Investors Service on Thursday slashed India's economic growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis. Moody's had in May projected India's GDP to expand by 8.8 per cent this year. The economy grew by 8.3 per cent in 2021 and contracted by 6.7 per cent in 2020, the year when the pandemic struck the country. In its update to Global Macro Outlook 2022-23, Moody's said India's central bank is likely to remain hawkish this year and maintain a reasonably tight policy stance in 2023 to prevent domestic inflationary pressures from building further. Our expectation that India's real GDP growth will slow from 8.3 per cent in 2021 to 7.7 per cent in 2022 and to decelerate further to 5.2 per cent in 2023 assumes that rising interest rates, uneven distribution of monsoons, and slowing global growth will dampen economic momentum on a sequential basis, Moody's ...
Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise
"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.
The proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, Moody's said
Moody's Investors Service on Monday said the acquisition of Neelachal Ispat Nigam Ltd by Tata Steel arm is credit positive because it will increase the subsidiary's long-steel production capacity
Moody's Investors Service changed its outlook from negative to stable on October 5
The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further
India's economic damage due to the second wave of Covid-19 and subsequent lockdowns will remain restricted to the April to June quarter, Moody's Investors Service said in a new macroeconomic outlook.
Moody's slashed India's growth projection to 9.6% for 2021, from its earlier estimate of 13.9%, and said faster vaccination will be paramount in restricting economic losses to June quarter
India's and Brazil's first-quarter 2021 real GDP data show a strong rebound in both economies following a contraction last year of 4.4% in Brazil and 7.1% in India, Moody's Investors Service said
The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23
A 31.5 per cent stake in Gangavaram Port is also credit neutral, the report said
Moody's Investors Service on Thursday said India's economic recovery reduces the risk of a sharp deterioration in public sector banks' asset quality
India's risk-based internal audit requirement for non-banking finance companies is credit positive, Moody's Investors Service said
The support has averted a sharp asset quality deterioration, Moody's Investors Service said
India's economy had the biggest contraction, 24 per cent year-over-year in the second quarter