HMEL's credit metrics were also impacted by its ongoing expansion into petrochemicals
The impact of the shuttering is large as China contributes a whopping 16 per cent of global GDP, up from 4 per cent when it was hit by the SARS virus in 2003
With the virus continuing to spread, it is still too early to make a final assessment of the impact on China (A1 stable) and the global economy.
Last week, the RBI harmonised guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors
Impact on Indian bulk handling ports unlikely due to negligible volumes linked to China
It is also underpinned by a sustained recovery in passenger traffic from the decline recorded in the first half of the financial year ending March 2020
'These forecasts appear ambitious given the combination of structural and cyclical challenges that the Indian economy faces'
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
'Vulnerability to extreme events related to sea level rise can also undermine investment'
Private-sector banks have a larger exposure to retail loans and may be more at risk
Financial stress among rural households and sluggish job creation are among the key drivers of the slowdown
It expects economic growth to pick up in 2020 and 2021 to 6.6% and 6.7% respectively
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.
Economic bad news has been trickling in since the beginning of 2019, but was buried under the nationalistic election rhetoric
Sluggish economic growth, slowing earnings are major concerns
The government is facing growing challenges in meeting its medium-term fiscal consolidation goals amid a slowing economy, which has been driven by a combination of both cyclical and structural factors
Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale
The European operations made up 35% of Tata Steel's total shipments in H1 of FY20, but generated only 2.4% of its reported consolidated EBITDA
The provisions in the IBC provide for the orderly resolution of a stressed company. Until now, the only resolution framework for NBFIs was through liquidation
The rating reflects significant improvement in RIL's scale and business mix over the past two years