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.
Mar 01, 2023, 14:08 PM IST
Moody's upgrades outlook on India to stable from negative; maintains Baa3 rating
Moody's said India's decision to keep the financial institutions flush with liquidity also reduced the risk to the country from the financial sector.
Oct 05, 2021, 20:59 PM IST
Moody's projects Indian economy to contract 11.5% this fiscal
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
Sep 11, 2020, 17:59 PM IST
India among large emerging mkt sovereigns to have highest debt burden by 2021: Moody's
The coronavirus pandemic-induced deterioration in growth and fiscal dynamics will leave most large emerging market sovereigns with higher debt burdens over the next few years, it said.
Sep 01, 2020, 18:07 PM IST
Moody's downgrades India's ratings to Baa3, maintains negative outlook
The agency's negative outlook reflects dominant, mutually-reinforcing, downside risks from deeper stresses in the economy and financial system that could lead to more severe and prolonged erosion in fiscal strength than Moody's current projects.
Jun 01, 2020, 21:19 PM IST
Fundamentals of economy quite robust: Finance Ministry responds to Moody’s change in outlook
The Finance Ministry issued a statement in which it said, ''India continues to be among the fastest-growing major economies in the world and its relative standing remains unaffected. ''
Nov 08, 2019, 10:13 AM IST
Moody's downgrades Bharti Airtel credit rating to Ba1
Ratings range between Aaa, which means best, to lowest category C.
Feb 05, 2019, 12:46 PM IST
Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage: Moody's
The government had budgeted the fiscal deficit for the current financial year at 3.3 per cent of the gross domestic product (GDP). However, in the April-November period, the deficit touched 114.8 per cent of the budget estimates.
Jan 25, 2019, 18:27 PM IST
Moody's downgrades Yes Bank ratings; changes outlook to negative
Moody's said while Yes Bank's current asset quality metrics are superior to those of its Indian peers, its aggressive growth strategy poses asset risks.
Nov 27, 2018, 16:41 PM IST
Moody's changes rating outlook on Tata Motors to negative
The ratings agency has also affirmed the 'corporate family rating' and the company's senior unsecured instruments ratings at Ba2, which is considered to be speculative grade and subject to substantial credit risk.
Nov 14, 2018, 14:07 PM IST
Moody's places Bharti Airtel's rating on review for downgrade
'Baa3' is the lowest investment-grade bond ratings, and any downgrade would put the rating in speculative grade.
Nov 08, 2018, 18:40 PM IST
India's economic growth to slow to 7.3% in 2019: Moody's
Moody's said the economy grew 7.9 percent in the first half (January-June) of 2018, which reflects post demonetisation base effect.
Nov 08, 2018, 15:30 PM IST
Despite many challenges, growth to be near-trend in '19: Moody's
The GDP growth accelerated to 8.2 percent in the June quarter of the current fiscal year, after clocking a 6.7 percent expansion in fiscal 2018.
Nov 06, 2018, 15:39 PM IST
India should reduce or stop crude oil import from Iran: Moody's
India is the second largest buyer of Iranian crude after China, accounting for about 30 percent of total crude exports from the Persian Gulf nation during April-August 2018.
Sep 27, 2018, 14:20 PM IST
Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's
The government Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.
Sep 18, 2018, 12:10 PM IST
Govt aid will give capital relief to banks, but stress will remain: Moody's
The government plans to provide Rs 65,000 crore of new capital for public sector banks.
Aug 21, 2018, 17:06 PM IST
India least vulnerable to US dollar strengthening: Moody's
Moody's said although India's CAD has widened, driven in part by the recent rise in oil prices, it remains modest as a percentage of GDP and is largely financed by equity inflows, including foreign direct investment.
Jun 28, 2018, 17:31 PM IST
Tax reforms to expand revenue base in India: Moody's
It said most sovereigns have embarked on tax administration and compliance reforms, especially through the centralisation of multiple agencies and increased usage of technology.
May 31, 2018, 17:34 PM IST
Moody's cuts India's 2018 growth forecast to 7.3% from 7.5%
Moody's, however, maintained its 2019 growth forecast at 7.5 percent.
May 30, 2018, 16:03 PM IST
Moody's downgrades PNB, cites negative impact of fraud on capital
The agency downgraded PNB's foreign currency issuer rating by a notch to 'ba1', which is non-investment grade, from 'Baa3'- meaning below investment grade.
May 21, 2018, 13:58 PM IST
