Page 2 - Moody's Ratings

Covid-19 impact: S&P slashes India's FY21 growth forecast to 1.8%

S&P expects India's growth to bounce back in FY22

Covid-19 outbreak, YES Bank rescue make small banks vulnerable: Moody's

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said

Covid-19 impact: Moody's cuts South Africa's credit rating to junk status

South Africa slipped into recession during the final quarter of 2019

Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray

Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn

YES Bank shares tumble 10% after Moody's downgrades foreign currency rating

The scrip settled the day at Rs 56 on the BSE, down 9.82%

YES Bank dips 5% after Moody's downgrades ratings, assigns negative outlook

Moody's downgraded the Bank's long-term foreign currency issuer rating to B2 from Ba3, as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity.

Market wrap, Nov 8: Sensex sheds 330 pts on Moody's India outlook downgrade

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

Another warning

Structural changes needed in every aspect of the economy

Moody's rating action unjustified; experts for aggressive rate cut by RBI

Given the economic slump, most economists have lowered their FY20 growth estimates and expect the RBI to be more aggressive in cutting rates going ahead

Moody's downgrades outlook on SBI, Infosys, HDFC Bank, and 11 others

Borrowing costs from overseas markets may not see substantial jump

Moody's outlook downgrade for India: Backward-looking course correction

Moody's recent downgrade highlights that the agency's robust expectations in 2017 were misplaced

Why experts feel Moody's outlook downgrade for India is unjustified

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

India's thermal coal imports to cross 200 mn tonnes in FY 20: Icra

Icra said it expects Coal India, which has missed annual production targets over the last few years, to fall short of its 2019/20 production forecast of 660 million tonnes by up to 75 million tonnes

India Ratings cuts FY20 GDP forecast to 6.7% from earlier estimate of 7.3%

It said the rising global trade tension will also have an adverse impact on exports

Moody's upgrades rating for Central Bank, IOB over capital infusion

Upgrade reflects improved solvency of the banks, following capital infusion by govt. Moody's estimates both banks will achieve a common equity tier-1 (CET1) of more than 8% by March

Moody's estimates GDP to grow at 7.4% in FY2019-20, outlook on banks stable

Moody's also noted that capitalisation at public sector banks will remain weak but government support will provide relief

Moody's assigns Baa3 ratings with stable outlook to ArcelorMittal

Moody's Investors Service today said it has assigned Baa3 long-term issuer rating with stable outlook to global steel giant ArcelorMittal. The upgrade reflects Moody's expectation that the company will maintain strong operating performance and will continue to reduce its leverage, it added. "Moody's Investors Service (Moody's) has today assigned a Baa3 long-term issuer rating to ArcelorMittal, the world's largest steel producing company. The outlook on the rating is stable," the agency said in a statement. Today's upgrade reflects the agency's expectation that ArcelorMittal will continue to reduce leverage on the back of improved earnings and operating cash flow, and that it will preserve its strengthened financial profile by prudently managing any future investments and M&A, said Gianmarco Migliavacca, Vice President Senior Credit Officer and the lead analyst for ArcelorMittal. For 2018, the rating agency expects that ArcelorMittal's adjusted gross leverage will improve. Such ...

Moody's has stable outlook for non-financial corporates, except telcos

Global rating agency Moody's today said it has a stable outlook for non-financial corporate in the country, except for telcos, on which it has a negative outlook for 2018. The agency also has stable outlooks for car-makers, and companies in the construction, cement, and textiles sectors, but a negative outlook on the real estate sector. "Our stable outlook is underpinned by the expectation that GDP growth of around 7.6 per cent will result in higher sales volumes, which along with new production capacity and stabilising commodity prices, will support pre-tax profit growth of 5-6 per cent over the next 12-18 months," Laura Acres, a managing director at Moody's corporate finance group, said in a report. She said further simplification of GST and other structural reforms or improved commodity prices can result in higher operational profit growth, and provide means for deleveraging for some corporates. The agency has a stable outlook for exploration & production ...

India's prosperity level lowest among peers: S&P

Last week, Moody's Investors Service had upgraded India's rating by a notch to two grades above junk, citing the many reforms undertaken by the Narendra Modi government

Moody's ups outlook on India Inc

Moody's said a further simplification of GST and other structural reforms could further improve companies' credit profiles