Thursday, 26 May, 2022
TopicMoody’s Investors Service

Topic: Moody’s Investors Service

Moody’s cuts India’s growth forecast from previous estimate of 13.9% to 9.6% for 2021

Moody's said the second wave Covid infection hit India's economy in April, May and faster vaccination progress will be paramount in restricting economic losses to June quarter.

Moody’s pegs India GDP growth at 9.3% for current financial year, 7.9% in FY23

The credit rating agency said it didn't expect the impact of lockdown this year to be as severe as last year's & predicted real GDP growth to average around 6% over the longer term.

This is what is at risk if India’s sovereign rating is cut to junk

Swiss bank UBS Group expects S&P Global Ratings & Fitch Ratings to lower their outlook on the rating to negative from stable over the next couple of months.

Moody’s downgrades India’s sovereign rating to ‘Baa3’ from ‘Baa2’

The investors service said that there will be challenges in implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position.

Sensex drops 100 points as Moody’s cuts India credit outlook citing slow economic growth

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.

Moody’s cuts India’s 2019 GDP growth forecast to 6.2 % from 6.8%

For the next calendar year, Moody's Investors Service reduced the growth estimate to 6.7 %.

Moody’s Investors India puts CEO on leave as it probes whistle blower complaint

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.

Troubled Yes Bank is now a ‘fallen angel’

Moody’s cuts Yes Bank’s credit rating to junk, which is rare for an Indian private sector bank.

Crisis-hit IL&FS plans Rs 300 billion asset sales to raise funds

Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.

Rupee crashes to 72 per dollar as India scrambles to halt fall

The currency has set a string of record lows, shadowing India’s optimistic world-beating economic growth.

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