Page 2 - Moody's Investor Service

Moody's cuts rating on Tata Motors, changes outlook to negative

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

Moody's downgrades Hyderabad Airport's rating to Ba2, Delhi's IGI gets Ba3

The outlook on the ratings for both has been changed to negative from ratings under review

Covid-19 impact: Moody's downgrades 8 Indian firms and 3 banks

Moody's affirmed the issuer rating of Reliance Industries but revised the outlook to negative from stable

Moody's revises outlook on Adani Abbot Point Terminal's rating to stable

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

Moody's pegs FY21 GDP growth at 0%, says upgrade unlikely in near term

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

Top 10 biz headlines: Govt's 2nd stimulus, Moody's growth estimate and more

Finance Minister Nirmala Sitharaman is likely to announce this week a second round of stimulus package, for the most affected sections of society

Moratorium may lead to greater build-up of credit losses for banks: Moody's

Asia's banking sector profitability will also decline from deteriorating asset quality and lower net interest margins, said Moody's

Coronavirus impact: Rating agencies see more pain for banks and NBFCs

'Spike in NPAs will be reflected over the next few quarters'

India's growth, fiscal deficit projections challenging to meet: Moody's

Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%

Moody's downgrades YES Bank's ratings, changes outlook to negative

Fall in share price will challenge the bank's ability to raise sufficient capital to maintain the rating at its previous level, Moody's said

Moody's affirms Baa1 rating to state-owned ONGC over better oil prices

ONGC consolidated credit metrics - as measured by retained cash flow (RCF) to net debt - improved to 51 per cent in FY 2019.

Moody's downgrades Tata Motors with negative outlook on JLR worries

The agency expects it will take longer than previously expected for JLR to improve its free cash flows to the positive territory

Tax reforms, low fiscal deficit to expand revenue base in India: Moody's

It said most sovereigns have embarked on tax administration and compliance reforms, especially through the centralisation of multiple agencies and increased usage of technology