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The agency has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
For the next calendar year, Moody's Investors Service reduced the growth estimate to 6.7 %.
ICRA said Moody's Investors, the rating company, was probing certain matters related to a debt score it assigned to a client and its subsidiaries.
Moody’s cuts Yes Bank’s credit rating to junk, which is rare for an Indian private sector bank.
Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.
The currency has set a string of record lows, shadowing India’s optimistic world-beating economic growth.
Higher oil prices will likely widen India's current-account deficit, but this won't affect the country's external position.
ONGC’s largest shareholder, the central government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit.
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