Page 3 - Moody's Rating

Moody's cuts India's rating to 'Baa3', maintains negative outlook

The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks

Event risk, fiscal worries: How are a country's sovereign ratings decided?

While major credit rating agencies have well-defined frameworks for deciding on sovereign ratings, the methodology of ultimately arriving at the final award remains a black box

Sobering reality, negative sentiment: Analysts' view of Moody's downgrade

Here's how leading analysts have interpreted the development and its likely impact on the markets.

Moody's puts JSW Steel's rating on review for downgrade over Covid-19 shock

Agency says weaknesses in JSW's credit profile, such as its exposure to weakening steel demand for manufacturing and volatile material costs, have left it vulnerable to shifts in market sentiment

Covid-19 impact: Moody's takes rating action on three Indian NBFCs

Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.

Top headlines: Biz sentiment sinks to record low, Moody's outlook on banks

Business Standard brings to you the top headlines of the day

'Under review': Moody's downgrades Yes Bank's ratings from B2 to Caa3

Moody's has also downgraded the bank's long-term foreign and local currency bank deposit ratings.

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Moody's downgrades BoB's baseline credit assessment on asset quality issues

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

Moody's Investors Service, Fitch Ratings give stable outlook to IIFL

The agency has also assigned a 'BB-' rating to IIFL's USD 1-billion medium-term note (MTN) programme

Moody's cuts Hong Kong rating citing weakening of autonomy due to China

The rating downgrade is a major blow to Hong Kong's pro-Beijing leader Carrie Lam, who has struggled to end more than seven months of huge and often violent pro-democracy protests.

Moody's places YES Bank's long-term foreign currency rating under review

The Baseline Credit Assessment was also downgraded to 'Caa2' from 'B3'

Rising sea levels pose long-term risk to sovereign credit ratings: Moody's

'Vulnerability to extreme events related to sea level rise can also undermine investment'

S&P reaffirms India's sovereign rating at BBB- with stable outlook

Global rating agency S&P has reaffirmed sovereign rating of India with stable outlook, Economic Affairs Secretary Atanu Chakraborty said on Tuesday. The rating action comes weeks after another global agency Moody's Investors Service lowered the country's rating outlook to "negative" from "stable". "S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India's economy continues to achieve impressive long-term growth rates despite a recent deceleration," Chakraborty said in a tweet. 'BBB' signifies adequate capacity on an entity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to weaken its capacity to meet financial commitments. The rating action comes at a time when the government is facing flak from opposition parties for not doing enough to check the slide in economic growth, which hit six year lower low of 4.5 per cent in the second quarter of the current ...

Weak market may cause challenges for JLR in FY21 as well: Moody's

Tata Motors-owned JLR operates six sites in the UK, one in Slovakia and has a joint venture (JV) in China

Moody's affirms Reliance Industries' rating with a stable outlook

The rating reflects significant improvement in RIL's scale and business mix over the past two years

Amid economic slowdown, Moody's lowers India's 2019 growth forecast to 5.6%

Revises prediction from 6.2%, says slump lasting longer than expected

Moody's affirms Reliance Industries' Baa2 ratings with 'stable' outlook

RIL's Jamnagar refinery complexity increased to 21.1 as of March 2019 from 12.7 as of March 2018

Akhilesh targets BJP over Moody's cutting India's credit rating outlook

"Actually, under the failed BJP government, agriculture and farmers are dying, as are the product and services sectors," he said

Moody's cuts India's credit outlook to negative; govt not convinced

Outlook downgrade comes 2 yrs after ratings upgrade. Govt says fundamentals remain strong