Moody’s
2016 to be a challenging year for Asian corporates: Moody’s
Moody's Investors Service today said 2016 will be a challenging year for corporates in Asia, mainly on account of concerns over the slowdown in China and a likely hike in interest rates in the US.
More fiscal stimulus credit negative for China: Moody’s
India has recently overtaken China in terms of growth rate, but unlike China, it does not depend on fiscal stimulus to boost growth. IMF has projected India to grow at 7.3 per cent in 2015-16.
External sector risks have risen since last year: Moody’s
The greatest challenge facing the Indian economy is exposure to external shocks such as interest rate hike in the US and slowdown in China, and the risk has risen since last year, a Moody's poll said today.
Small deficit slippage not to impact India’s profile: Moody’s
Moody's Investors Service Associate MD (Sovereign Risk Group) Atsi Sheth said a rise in corporate profits and bounce back in government revenues hold key to India meeting 3.5 per cent fiscal deficit target in 2016-17.
Moody’s places ONGC, OVL rating on review for downgrade
Besides Oil and Natural Gas Corp (ONGC) and ONGC Videsh Ltd (OVL), Moody's placed the ratings of Oil India Ltd amongst 120 global exploration and production firms on review for downgrade.
Oil prices to average $33/barrel on low demand: Moody’s
The rating agency estimates crude oil prices to average $33 per barrel in 2016, $10 lower than its previous estimate and expects rates rising by $5 a barrel each in 2017 and 2018.
Non-financial companies to gain from healthy GDP growth: Moody’s
Non-financial corporates in India will benefit from a healthy domestic growth and accommodative monetary policy, Moody's Investors Service and its Indian affiliate ICRA Limited today said.
Inflation, corporate earnings to dictate market trends: Moody’s
While maintaining that it expects the country to be the world's fastest growing major economy this year, Moody's believes that the market trends will depend on whether inflation remains under control and corporate profits rev
Global oil, gas prices to remain weak in 2016: Moody’s
Global oil and gas prices will remain weak in 2016 on continued oversupply that will result in at least 20-25 per cent reduction in capital spending in upstream oil and gas exploration and production, Moody's Investors Servic
Moody’s cuts credit rating of Japan’s Toshiba to junk
Moody's cut Toshiba's long-term senior unsecured bonds to speculative grade Ba2 from Baa3, and said it would review the rating for further downgrade.
FDI focus to improve external finances, bolster rupee: Moody’s
The government has last month significantly liberalised the foreign direct investment (FDI) regime, putting most of the sectors on the automatic route.
Outlook for India’s power sector remains negative: Moody’s
Faced with challenges like fuel supply risks, cost overruns at private plants and financially weak discoms, India's power sector outlook remains negative, says Moody's Investors Service.
Moody’s downgrades Tata Steel outlook to negative
Global agency Moody's today downgraded the outlook on Tata Steel from Stable to Negative on account of persistent weakness in the global commodity prices and resulting negative impact on the steelmaker.
UK to raise Moody’s BJP concerns with Narendra Modi: Top 4 things to know
The UK will take up with Prime Minister Narendra Modi the warning by Moody's Analytics that there has been a rise in ethnic tensions in India, during his visit to the UK next week, Foreign Secretary Philip Hammond said.
Moody’s Analytics stands by its report; says report part of economic outlook series
Moody's Analytics today stood by its report that had asked Prime Minister Narendra Modi to keep BJP members in check or risk losing global credibility and said it was part of its 'economic outlook series', a day after the gov
Govt dismisses Moody’s report, calls it opinion of junior analyst
Government today dismissed a recent report quoted to Moody's Analytics, saying it was the personal opinion of a junior analyst which was passed off as a commentary on India by a rating agency "by the media to buttress the nar
Moody’s upgrades Indian banking sector outlook to stable from negative
The stable outlook on India's banking system over the next 12-18 months reflects our expectation that the banks' gradually improving operating environment will result in a slower pace of additions to problem loans, Moody's sa
Key economic reforms to help India deliver higher GDP growth: Moody’s
India's gross domestic product (GDP) likely grew around 7.3% in the July-September quarter, up from 7% in the first quarter of FY16, but it remained below the country’s potential, Moody's Analytics said.
Moody’s revises outlook on JSW Steel to negative
JSW Steel’s ratings outlook has been changed to “negative” from “stable” by Moody’s Investor Services on sharp fall in steel prices and its resultant impact on the company's credit profile, even as it affirmed the
India’s fuel consumption to be higher in 18 months: Moody’s
Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) have reduced their debt levels over the past 12 months.
India remains less exposed to external risks: Moody’s
Forecasting that India will clock the highest growth rate of 7-7.5 per cent among G20 economies in 2015 and 2016, Moody's Investors Service today said the country is less exposed to external shocks, and the positive rating ou
Moody’s assigns lowest investment grade rating to Mahindra & Mahindra
Moody's today assigned lowest investment grade rating, Baa3, to homegrown auto major Mahindra & Mahindra, although with a stable outlook.
Now Moody’s says gas price cut will impact investment
Earlier, Standard & Poor's said the 18-percent cut in domestic prices of natural gas will discourage oil exploration and production companies from committing new capital expenditure.
Rate cut shows RBI considering growth trends subdued: Moody’s
Rating agency Moody's today said RBI's decision to cut key interest rate by 0.50 per cent suggest that the central bank sees underlying growth trend as subdued...
France vows to push on with reforms after Moody’s downgrade
France's finance minister reaffirmed the country's commitment to economic reforms on Friday after ratings agency Moody's cut French bond ratings by a notch to Aa2, citing continued weakness in the country's medium-term growth
RBI likely to cut interest rates on falling inflation: Moody’s
Reserve Bank is likely to cut interest rate as the wholesale price-based inflation is expected to decline further to 4.3 per cent in August, Moody's Analytics said today.
Draft base rate guidelines credit negative for banks: Moody’s
International rating agency Moody's today said the Reserve Bank's draft guidelines for base rate computation are credit negative for banks as they will reduce their loan-pricing flexibility.
