Page 3 - Moody’s

Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth

Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.

India's policy challenges will hinder net-zero progress, says Moody's

Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals

Ukraine crisis: Russia may be in default, says Moody's

If Moscow is declared in default, it would mark Russia's first major default on foreign bonds since the years following the 1917 Bolshevik revolution

Moody's maintains 'stable' outlook for Indian banks on recovering economy

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

Moody's terms no confidence motion credit negative for Pakistan

'The motion comes at a time when Pakistan is encumbered with surging inflation and widening current account deficits amid rising global commodity prices'

UPI open architecture limits fintech growth in other fin services: Moody's

Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions

Indian fintech payment firms have no data advantage over banks: Moody's

As RBI barred Paytm from taking on new customers for its Payments Bank, a new report said fintech platforms' dominance in digital payments may not result in a significant data advantage over banks

Food inflation on Ukraine crisis could force RBI's hand on rates: Economist

The RBI would like to keep interest rates unchanged for a while longer and not put any roadblocks in front of the Indian economy, says Moody's Analytics' Steve Cochrane

Russia cut to 'junk' by Moody's, Fitch; tanks roll into Kherson

Moody's cut Russia's ratings to B3 from Baa3, with the ratings company saying there may be further cuts

Sustained Russia-Ukraine conflict likely to raise gas prices: Moody's

Global gas prices are expected to rise if any material and sustained escalation in the conflict between Russia and Ukraine puts constraints on Russia's gas exports, Moody's Analytics said.

Moody's ups India's FY23 growth forecast to 8.4%; Fitch maintains 10.3%

Had predicted 7.9%; says oil & supply could spoil party

Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum

Oil, natural gas prices may see sharp rise over Ukraine tensions: Moody's

Global oil and liquified natural gas (LNG) prices are likely to see a sharp rise in the event of a Russia-Ukraine conflict, Moody's Investors Service said

Moody's expects OMCs' margins to improve over 12-18 months on higher demand

'We expect the regional refining benchmark to average around $3-4/bbl over the next 12-18 months, balancing our expectations of demand recovery alongside incoming capacity additions,' says Moody's

Top headlines: 'OMCs' margins to improve'; 1st phase of UP polls tomorrow

Here are the top headlines on Wednesday

Weak fiscal strength to remain key credit challenge for India: Moody's

Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then

Budget credit positive for India Inc, fiscal challenges remain: Moody's

The path toward the government's medium-term deficit target of 4.5% of GDP by FY25 remains undefined.

Moody's assigns Baa2 rating to Reliance Industries' $5 bn bonds issue

Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook. Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. "RIL's Baa2 ratings reflect the company's large scale and dominant market position across its diverse businesses, its management's strong execution track record and our expectation that its credit metrics will remain strongly positioned for its Baa2 rating, despite its planned investments in clean energy and other business segments," Sweta Patodia, a Moody's Analyst, said in the rating agency's press statement. The firm's high dependence on the Indian economy through its digital services and retail businesses constrains its rating to one notch above that of the Indian sovereign rating, Patodia said. Moody's said RIL benefits from diversified earnings sources th

Moody's assigns Baa2 rating to Reliance Industries' proposed USD bonds

Moody's Investors Service assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited. The outlook on the rating is stable.

'Omicron's impact on emerging economies to depend on curbs, policy support'

"Countries with an assured supply of effective vaccines and delivery systems, and high levels of vaccine acceptance by the public, will remain better positioned," Moody's said.