Page 9 - Moody's

ICICI Bank's Rs 15,000 cr equity raise is credit positive: Moody's

The fresh capital raise will add in 170 basis points to the consolidated Common Equity Tier-1 (CET1) ratio from 13.4 per cent at the end of June 2020, after including profit for the June quarter.

Moratorium, economic downturn raising risks for asset-backed securities

In the case of auto ABS rated by Moody's, 70-100 per cent of the underlying loans (as percentage of the outstanding principal) are on moratorium

Moody's assigns B3 rating with negative outlook to Vedanta's USD notes

Though the notes will carry security in the form of a pledge on shares, Moody's does not view their position to be superior to the secured and unsecured debt at various operating companies

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020

Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative

Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement

Moody's downgrades Hero FinCorp ratings; outlook revised to negative

Today's rating action concludes the review for downgrade initiated on April 13, 2020, Moody's said in statement

FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's

The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said

Airline industry disruption due to Covid has far-reaching effects: Moody's

Industry is a critical cog in the broader global economy, says investor service company

Capital infusion in 3 state-owned insurers 'credit positive': Moody's

It further added that, the government's goal of listing the companies on the stock market will become feasible only after this

Moody's confirms Tata Steel's ratings; changes outlook to negative

Agency to withdraw UK subsidiary's ratings

Moody's confirms JSW Steel's Ba2 ratings with negative outlook due to Covid

Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021

Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign

Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings

Moody's extends review for downgrade on Hero FinCorp's Baa3 rating

The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults

Top headlines: Trump blocks H-1B visa; India may cap China FPI investments

From Donald Trump blocking H-1B visa for certain foreign workers, Moody's lowering India GDP forecast to Maruti launching new BS-VI S-Presso, here are top news of the day

Moody's projects India GDP to shrink 3.1% in 2020, flags geopolitical risk

However, Moody's expects the Indian economy to register 6.9 per cent growth in 2021

Coronavirus effects likely to accelerate energy transition: Moody's

Recessionary forces and weaker long term growth expectations will place pressure on both corporate and household demand

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

Here are the rating agencies' forecasts on India in the last 2 months

Amid the coronavirus pandemic, the pace of credit rating downgrades has accelerated with average monthly downgrades increasing by 22 per cent in the past few months, ICRA said in a report

Fitch revises India's rating: A third view which is different yet again?

Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects

Fitch revises India's sovereign rating outlook to negative from stable

Retains ratings at lowest investment grade