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Moody's News

India water crisis

25 Jun 2024

Water Shortage Detrimental To India's Credit Health; May Spark Social Unrest

India is facing a growing water shortage as water consumption increases amid rapid economic growth and increasingly frequent natural disasters due to climate change, Moody's said in a report on environmental risk facing India.

14 Jun 2024

India To Remain Asia-Pacific's Fastest Growing Economy In 2024: Moody’s

A stronger economic growth prospect has been propelled by a good show in the Lok Sabha elections, that has led to Moody's analysis of a uptick in the economy.

09 Aug 2023

US Stocks Sink As Moody's Warns It Could Cut Credit Ratings Of 6 Big Banks

A lower credit rating could push funding costs for those banks even higher.

Moody's Investors Service

01 Mar 2023

Moody's Ups India's Growth Projection For 2023 To 5.5% On Higher Capex Budget

In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.

Adani-Hindenburg Saga

11 Feb 2023

Moody's Cuts Rating Outlook of Four Adani Firms from 'Stable' to 'Negative'

Adani group companies have lost USD 100 billion in market value since the US short-seller Hindenburg Research came out with a damning report alleging fraud at the conglomerate helmed by Gautam Adani.

03 Feb 2023

Moody's made a big claim regarding Adani Group

Moody's rating agency has made a big claim regarding Adani Group. The agency said that it would be extremely difficult for the Adani Group to raise funds. Gautam Adani has now slipped even below the 15th position. He has reached the 21st position in the list of the world's richest person.

02 Dec 2022

ONGC, IOCL, Vedanta's bonds worth $1.9 bn mature in FY23: Moody's

Capital markets are volatile and investor appetite remains selective, so refinancing risks will remain elevated particularly for high-yield issuers such as Vedanta, which accounts for around 47 per cent of the upcoming bond maturities, it opined in a report on December 1.

17 Mar 2022

Moody's cuts 2022 India growth estimate to 9.1% on lower capex

Moody's said high fuel and fertilizer import bill could limit the government's capital expenditure. It said Russia is the only G-20 economy that will contract this year. Moody's forecast that Russia's economy will shrink 7 per cent in 2022.

21 Jan 2021

Moody's ups FY'21 India growth forecast to -10.6%; says stimulus to boost manu

Govt has announced fiscal package amounting Rs 2.7 lakh cr. Moody's said the latest measures is "credit positive". It presents potential upside to growth forecasts.

11 Sep 2020

Moody's projects Indian economy to contract 11.5% this fiscal

It said India's credit profile is increasingly constrained by low growth These risks have been exacerbated by the coronavirus pandemic. For 2021-22, it projected the economy to clock a growth of 10.6 per cent.

Indian public sector banks

21 Aug 2020

Public sector banks need capital up to Rs 2.1 lakh cr over next 2 yrs: Moody's

Moody's said to maintain financial stability, the government will continue to provide capital support for PSBs Uncertainty surrounding India's economic recovery as well as the ongoing clean-up of balance sheets are making it difficult for most PSBs to raise equity capital from markets This means PSBs will continue to need support from the government to plug their capital shortfalls, and we expect the government to infuse fresh funds into them as it has done in the past

07 May 2020

ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices

ONGC and OIL get rates equivalent to those prevalent in the international markets. Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.

08 Nov 2019

Moody's lowers India's outlook to 'negative' from 'stable'

Moody`s Investors Service on Thursday changed its outlook on India`s ratings to "negative" from "stable", citing increasing risks that the country`s economic growth will remain lower than in the past.

01 Mar 2019

India to grow at 7.3% in 2019, 2020: Moody's

Moody's growth estimates in based on calendar year. India, however, measures its economic growth on the basis of fiscal year (April-March).

27 Feb 2019

GST cut to boost sales of under-construction flats: Moody's

The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC.

Farmers Cash transfer

06 Feb 2019

Cash transfer to farmers, middle-class tax relief to boost growth: Moody's

It said that while the middle-class tax relief will weigh somewhat on direct tax revenues, GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted expectations.

US-China tariffs

04 Dec 2018

US-China decision to put off higher tariffs de-escalates hostility temporarily

Signalling an end to the six-month-long trade war, Trump agreed that on January 1, 2019, he will leave the tariffs on USD 200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time.

29 Nov 2018

After its parent Moody's, now Icra downgrades Yes Bank

The agency had placed the bank on rating watch earlier this month and had said the resignations--there were three so far--would impede the bank's ability to raise capital.

24 Sep 2018

Govt steps to boost capital inflow unlikely to reverse Rupee slide: Moody's

The rupee has depreciated more than 10 percent against the US dollar since January 2018 and was at Rs 72.1 against the dollar as of September 21.

20 Sep 2018

Moody's affirms Yes Bank's ratings; outlook stable

The rating agency has also maintained the outlook on the ratings as stable.

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