News

Moody`s raises India`s GDP forecast to 6.7% for 2023 Global rating agency Moody's has raised India's growth forecast to 6.7 per cent from 5.5 per cent for 2023. At the same time though, it has lowered the GDP forecast for 2024 from 6.5 per cent to 6.1 per cent. "Since the second quarter out performance creates a high base in 2023, we have lowered our 2024 growth forecast from 6.5 percent to 6.1 per cent. Given the robust underlying economic momentum, we also recognise further upside risk to India’s economic growth perfo...
Moody`s raises India`s GDP forecast to 6.7% for 2023
Moody`s raises India`s GDP forecast to 6.7% for 2023
Source: IANS
1/09/2023 11:56:06 AM
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst S&P Global Ratings could consider an upgrade in India's sovereign rating if the country's fiscal metrics improve on a sustained basis and inflation is persistently lower, aided by monetary policy actions, an analyst at the agency said on Wednesday. S&P in May affirmed its 'BBB-' long-term and 'A-3' short-term, unsolicited foreign and local currency sovereign credit ratings on India, while retaining the outlook on the long-term rating at stable. Currently,...
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst
Source: Reuters
28/06/2023 3:34:49 PM
India and China to drive low carbon emission investments in APAC: Moody's India and China are expected to drive the investment in low carbon emissions in the Asia Pacific Region (APAC), Moody's Investor's Service said in a report. The International Energy Agency (IEA) estimates that India will spend $53 billion and $87 billion of average annual investment in 2021-25 and 2026-30, respectively, to achieve the Stated Policy Scenario (STEPS) trajectory of emissions reductions, while China will spend $239 billion and $210 billion during the same period, Moody...
India and China to drive low carbon emission investments in APAC: Moody's
India and China to drive low carbon emission investments in APAC: Moody's
Source: IANS
24/05/2023 8:51:24 AM
Multiple factors gives nuke power major push in APAC region: Moody's A combination of factors like the move towards decarbonization, fuel diversification, geopolitical situations resulting in fossil fuel price hike and climate change affecting solar and wind power provide the base for expansion of nuclear power in the Asia Pacific region, said Moody's Investors Service. "Decarbonisation and fuel diversification will drive the nuclear power sector's share of the energy mix in Asia Pacific," said Ada Li, a Moody's Vice President, and Sen...
Multiple factors gives nuke power major push in APAC region: Moody's
Multiple factors gives nuke power major push in APAC region: Moody's
Source: IANS
11/05/2023 1:51:20 PM
SME loan delinquencies to increase for Indian finance companies: Moody`s A combination of factors like the increased loan repayment instalments owing to the earlier repo rate hikes by the Reserve Bank of India (RBI), limited refinancing options for small and medium enterprise (SME), slowing down of property price growth has increased the risk of loan delinquencies for finance companies, said Moody's Investors Service in a report. According to Moody's, though the RBI has paused its rate hike cycle in April, the hikes effected over the past year have incr...
SME loan delinquencies to increase for Indian finance companies: Moody`s
SME loan delinquencies to increase for Indian finance companies: Moody`s
Source: IANS
17/04/2023 12:45:42 PM
Israeli PM, finance minister say economy `solid` despite Moody`s outlook cut Israeli Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich issued a joint statement, asserting that the country's economy remains "solid," despite Moody's recent downgrade of Israel's credit outlook. Moody's lowered Israel's economic outlook from positive to stable on Friday, citing concerns over the "deterioration of Israel's governance" amid ongoing upheaval over the government's controversial judicial reforms. In th...
Israeli PM, finance minister say economy `solid` despite Moody`s outlook cut
Israeli PM, finance minister say economy `solid` despite Moody`s outlook cut
Source: IANS
16/04/2023 9:11:03 AM
JPMorgan advising First Republic on another fundraise JPMorgan Chases investment bank has been hired to advise First Republic, as the embattled regional bank tries to ease concerns about its financial condition, a media report said. First Republic's share price has plummeted 90 per cent to record lows over the past month, as investors scrutinised lenders with a high amount of uninsured depositors ? a response to the collapse of Silicon Valley Bank and Signature Bank earlier this month, CNN reported. First Republic's nosedive contin...
JPMorgan advising First Republic on another fundraise
JPMorgan advising First Republic on another fundraise
Source: IANS
22/03/2023 9:03:30 AM
First Citizens considering to buy collapsed SVB As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank. According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be ...
First Citizens considering to buy collapsed SVB
First Citizens considering to buy collapsed SVB
Source: IANS
19/03/2023 12:42:13 PM
Two US bank failures not to impact banks in India, APAC: Moody`s The successive failure of two private banks in the US -- Signature Bank and Silicon Valley Bank -- though would result in tightening of liquidity in the global debt markets, the impact will be limited for most of the rated finance institutions in India and the Asia Pacific (APAC) region, said Moody's Investors Service on Tuesday. Moody's said the impact of the two US banks going down will be limited in India and other financial institutions in the APAC region due to structural fact...
Two US bank failures not to impact banks in India, APAC: Moody`s
Two US bank failures not to impact banks in India, APAC: Moody`s
Source: IANS
14/03/2023 2:40:45 PM
Global banking shares slump as fallout spreads Global financial markets have come under severe pressure after the collapse of Silicon Valley Bank, despite governments on both sides of the Atlantic taking extraordinary measures to maintain confidence in the banking system, The Guardian reported. However, shares in the US and European banks sold off sharply amid a crisis of confidence in global markets over the health of the financial system. Government bond prices soared as investors rushed for safe-haven assets, while economists sugges...
Global banking shares slump as fallout spreads
Global banking shares slump as fallout spreads
Source: IANS
14/03/2023 12:07:19 PM
India bats for sovereign rating upgrade in review with global agencies  India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country's federal finance ministry met representatives from the top three rating agencies–Fitch Ratings, Moody’s Investors Service and S&P Global Ratings–after the government presented its annual budget on...
India bats for sovereign rating upgrade in review with global agencies
India bats for sovereign rating upgrade in review with global agencies
Source: Reuters
13/03/2023 3:57:04 PM
India`s economy primary engine of growth, slowdown late last year temporary: Moody`s Analytics Moody's Analytics in its report on emerging market outlook has said that India's domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. It said growth slowed substantially on a year-ago basis, with private consumption lagging overall GDP for the first time since the Delta wave of Covid-19 struck the economy in the second quarter of 2021. It also said ‘Our take is that the slowdown late ...
India`s economy primary engine of growth, slowdown late last year temporary: Moody`s Analytics
India`s economy primary engine of growth, slowdown late last year temporary: Moody`s Analytics
Source: Accord Fintech
8/03/2023 10:19:03 AM
India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics India's economic slowdown in the fourth quarter of 2022 is temporary and even salutary, Moody's Analytics said in a report. According to Moody's Analytics, the country's economic slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale. "On the external front, better growth in the US and Europe's incipient recovery will propel India at the midyear mark. The US...
India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics
India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics
Source: IANS
7/03/2023 3:04:44 PM
Interest rates to be at higher levels in FY24 as long as inflation is up  The interest rates in India will continue to be at a higher level next fiscal as inflation continues to be sticky at a higher level, said experts and several reports. "The interest rates will remain at higher levels as it looks unlikely that the Reserve Bank of India (RBI) will cut rates. There is a possibility of another rate hike based on how inflation turns out in the coming month," Madan Sabnavis, Chief Economist, Bank of Baroda told IANS. Sabnavis also said with the...
Interest rates to be at higher levels in FY24 as long as inflation is up
Interest rates to be at higher levels in FY24 as long as inflation is up
Source: IANS
5/03/2023 10:34:58 AM
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range Indias economic growth for 2023-24 is estimated to be in the band 6-6.5 per cent by experts in various agencies with difference only in the decimal point. The 4.4 per cent growth (down from 6.3 per cent in the previous quarter) logged during the third quarter of FY23 was predicted by the Reserve Bank of India (RBI) couple of months back while the markets had estimated it at a slightly higher level -- again difference only in the decimal point. In December 2022 announcing the RBI's M...
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range
Source: IANS
4/03/2023 5:56:10 PM
Asset quality of Indian banks to be stable in 2023: Moody's Moody's Investors Service in its latest report on the banking sector in emerging markets has said the asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023. It stated Indian banks will benefit from a stable operating environment and significant improvements in their solvency metrics. According to report, the rising interest rates amid high inflation will lead to gradual increases in margins, supporting banks' revenue. On the other hand, higher ...
Asset quality of Indian banks to be stable in 2023: Moody's
Asset quality of Indian banks to be stable in 2023: Moody's
Source: Accord Fintech
20/01/2023 12:27:45 PM
Marketing losses of India`s oil PSUs to ease: Moody`s With the international prices of petrol and diesel cooling due to economic slowdown concerns, marketing losses for the three Indian oil companies will ease, said Moody's Investors Service. In a report, Moody's said the marketing losses for Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) will go down. "Still, overall earnings for fiscal 2023 ending on 31 March 2023 will be weak because of marketing los...
Marketing losses of India`s oil PSUs to ease: Moody`s
Marketing losses of India`s oil PSUs to ease: Moody`s
Source: Reuters
17/01/2023 5:20:34 PM
Credit worthiness of India to be stable in 2023: Moody's Investors Service Credit rating agency -- Moody's Investors Service in its latest report has said that the credit worthiness outlook for sovereigns in the Asia-Pacific (APAC) region, including India for 2023 is stable as compared to the negative outlook for sovereigns globally. It stated the debt sustainability and financial stability are relatively well anchored in the region, with contained government liquidity risks, broadly stable debt dynamics and generally sound external positions. According to it...
Credit worthiness of India to be stable in 2023: Moody's Investors Service
Credit worthiness of India to be stable in 2023: Moody's Investors Service
Source: Accord Fintech
10/01/2023 10:39:05 AM
Credit worthiness of India, others in APAC to be stable: Moody``s The credit worthiness outlook for sovereigns in the Asia-Pacific (APAC) region, including India for 2023 is stable as compared to the negative outlook for sovereigns globally, said credit rating agency Moody's Investors Service on Monday. In its latest report Moody's said, the debt sustainability and financial stability are relatively well anchored in the region, with contained government liquidity risks, broadly stable debt dynamics and generally sound external positions. Accor...
Credit worthiness of India, others in APAC to be stable: Moody``s
Credit worthiness of India, others in APAC to be stable: Moody``s
Source: IANS
9/01/2023 12:00:58 PM
Labour market mismatch post-Covid could weaken economic growth: Moody's The mismatches in labour supply after the reverse migration during the Covid-19 pandemic in India and other countries in Asia Pacific (APAC) region could weaken the economic growth, said Moody's Investors Service. While the lasting implications will take time to fully materialise, labour-market scarring and skills mismatches, exacerbated by the effects of the Russia-Ukraine military conflict, could constrain potential growth, the report said. According to the report, the pandemic ha...
Labour market mismatch post-Covid could weaken economic growth: Moody's
Labour market mismatch post-Covid could weaken economic growth: Moody's
Source: IANS
15/12/2022 4:56:29 PM
7 Bangladesh banks on Moody`s review for downgrade Moody's Investors Service has placed seven Bangladeshi banks' long-term ratings and assessments on review for downgrade following an announcement that the rating agency has placed the Dhaka government's long-term ratings on review for downgrade. The US-based agency released its ratings on its website on Monday, reports Xinhua news agency. It has also downgraded the Social Islami Bank Limited's (SIBL) long-term foreign currency deposit ratings to B3 from B2 and the bank&#...
7 Bangladesh banks on Moody`s review for downgrade
7 Bangladesh banks on Moody`s review for downgrade
Source: IANS
13/12/2022 4:39:23 PM
Global banks to rake in solid profits in 2023: Moody's  Global banks will rake in solid profits in 2023 shielded from an increase in delinquent loans, rising interest rates and solid reserves, said Moody's Investors Service on Friday. "Banks will report solid profits in 2023," said Edoardo Calandro, VP-Senior Credit Officer at Moody's. "Rising interest margins will enable continued capital generation o n top of already strong capital, while liquidity and funding will remain robust, even as gloomy economic conditi...
Global banks to rake in solid profits in 2023: Moody's
Global banks to rake in solid profits in 2023: Moody's
Source: IANS
2/12/2022 5:16:10 PM
Most rated companies in India can withstand weaker rupee: Moody's Moody's Investors Service in its latest report has said that most rated companies in India can withstand a weaker rupee, although external factors like rising interest rates in developed economies and higher energy prices would increase currency volatility. In a commentary on non-financial companies in India, it said on November 25, the Indian rupee touched 81.67 versus the US dollar, after depreciating almost 10 per cent since the beginning of the year. According to the report, the we...
Most rated companies in India can withstand weaker rupee: Moody's
Most rated companies in India can withstand weaker rupee: Moody's
Source: IANS
29/11/2022 4:08:12 PM
India`s growth could slow down next year: Moody`s Global ratings agency Moody's Analytics in a report titled "Asia Pacific (APAC) Outlook: A Coming Downshift", which released on Thursday, has said that India is looking at a slower growth next year. However, at the same time, it has noted that investments and productivity gains in technology and agriculture could push its growth. "Risks to this outlook are largely balanced. On the upside, inward investment and productivity gains in technology, as well as in agricultur...
India`s growth could slow down next year: Moody`s
India`s growth could slow down next year: Moody`s
Source: IANS
25/11/2022 11:21:37 AM
India`s fiscal consolidation remains intact, will see strong revenue performance : Moody`s Expressing optimism over India’s situation, Moody's Investors Service has said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation. Moody's Senior Vice President Christian de Guzman said India's 'Baa3' sovereign rating balances its strength of relatively high economic growth and weakness of one of the most highly indebted emerging market sovereigns. The country'...
India`s fiscal consolidation remains intact, will see strong revenue performance : Moody`s
India`s fiscal consolidation remains intact, will see strong revenue performance : Moody`s
Source: Accord Fintech
23/11/2022 10:36:34 AM
2023 a challenging year for emerging markets: Moody`s A combination of weak growth in advanced economies, persistent inflationary pressures, the Russia-Ukraine conflict, tight financial conditions, and a subdued growth outlook for China will create a difficult environment for emerging markets (EM) in 2023, said Moody's Investors Service. In a report, Moody's said next year will present a challenging backdrop for EMs. "Our negative outlook on credit conditions for EMs will permeate to sovereigns, companies and banks. Although h...
2023 a challenging year for emerging markets: Moody`s
2023 a challenging year for emerging markets: Moody`s
Source: IANS
18/11/2022 9:02:38 AM
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s The high food and energy prices will curb economic growth and result in social tensions in 2023 and hence the outlook for sovereign creditworthiness is negative, said Moody's Investors Service on Tuesday. Credit-positive trends will be most evident for commodity producers -- especially energy exporters -- who will benefit from higher prices, while some other governments will also stand out for their broad resilience to the latest round of shocks, Moody's added. In a research rep...
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
Source: IANS
15/11/2022 3:03:35 PM
Moody's cuts India's 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8% Rating agency Moody's cut India's growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected. Moody's said it now expects India's GDP growth to slow to 7% in 2022 –– versus its previous estimate of 7.7% –– and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024. The Reserve Bank of I...
Moody's cuts India's 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
Moody's cuts India's 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
Source: Reuters
11/11/2022 1:59:54 PM
India, China converging to high income levels: Moody`s Of a select group of 27 middle-income sovereigns that Moody's rates globally, 13, including India and China, are clearly converging to high-income levels, said Moody's Investors Service on Thursday. "The remainder have been in the same income category for decades and are either converging at a relatively slow pace or diverging from high-income levels," Moody's said. According to Moody's, a higher cost of living and the erosion in disposable incomes on the back ...
India, China converging to high income levels: Moody`s
India, China converging to high income levels: Moody`s
Source: IANS
10/11/2022 12:52:54 PM
Rate hikes to have limited impact on Indian banks` profits - Moody`s The Reserve Bank of India's slew of rate hikes this year to combat surging inflation will help lift banks' net interest margins, but the increase will be limited as funding costs will rise faster than loan rates, Moody's Investors Service said. The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May, with further hikes likely on the cards. While India's economic growth will slow, its growth outlook was better than its ...
Rate hikes to have limited impact on Indian banks` profits - Moody`s
Rate hikes to have limited impact on Indian banks` profits - Moody`s
Source: Reuters
12/10/2022 2:05:47 PM
Moody`s withdraws rating of Kalyan Jewellers Credit rating agency Moody's Investors Service on Tuesday said it has withdrawn Kalyan Jewellers India Limited's (KJIL) B2 long-term corporate family rating. The rating outlook prior to withdrawal was stable. "In view of the current market conditions, the company has pushed back its plans to access the international debt capital markets. Moody's has decided to withdraw the rating for its own business reasons," Moody's said. The Rs 9,056 crore revenue Kalyan ...
Moody`s withdraws rating of Kalyan Jewellers
Moody`s withdraws rating of Kalyan Jewellers
Source: IANS
20/09/2022 2:57:59 PM
Majority of India`s rated core sector borrowers can withstand rupee depreciation: Moody's Majority of India's rated infrastructure issues can withstand further depreciation of rupee owing to their financial hedges and other mitigants, said Moody's Investors Service. However, a small number of issuers are vulnerable if the US dollar/rupee depreciates to the mid-to-high Rs 80 range, because of their reliance on imperfect financial hedges. "Corporate infrastructure issuers are generally better positioned to manage their exposure when compared to project finance iss...
Majority of India`s rated core sector borrowers can withstand rupee depreciation: Moody's
Majority of India`s rated core sector borrowers can withstand rupee depreciation: Moody's
Source: IANS
15/09/2022 5:25:27 PM
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal -The pace of interest rate increases should be calibrated from here on to ensure economic recovery in India does not stall as the central bank tries to bring inflation within its tolerance band, monetary policy committee member Ashima Goyal said. "We need to be very careful that growth is not snuffed out and we don't go into another decade of slowdown," Goyal, an external member of the six-member monetary policy committee headed by the Reserve Bank of India governor, told Reu...
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal
Source: Reuters
14/09/2022 9:12:46 AM
Inflation, supply chain disruption major risks for emerging Asia: Moody`s Inflation and supply chain disruptions are the biggest risks over the next 12-18 months in emerging Asia, according to an audience poll at the Emerging Market Summit Asia 2022 organised by Moody's Investors Service on September 6. These two risks were followed by the potential impact of rising interest rates and slower economic growth, Moody's said in a statement. "Given the supply chain disruptions, multinational corporations (MNCs) have indicated a rising intention to rel...
Inflation, supply chain disruption major risks for emerging Asia: Moody`s
Inflation, supply chain disruption major risks for emerging Asia: Moody`s
Source: IANS
13/09/2022 12:56:07 PM
Challenges persist as government tries hard to bridge India`s trade deficit Flat or decreasing exports, increasing imports due to pent up demand in the domestic market, depreciating rupee, hike in commodity prices including oil, geopolitical situations, restrictions on exports are the major reasons cited by experts for India's increasing trade deficit. Simply put, trade deficit is a situation in which the value of goods a country imports is greater than the value of goods it exports -- excluding software, remittances and others. "Exports are slowing do...
Challenges persist as government tries hard to bridge India`s trade deficit
Challenges persist as government tries hard to bridge India`s trade deficit
Source: IANS
11/09/2022 11:17:45 AM
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s Deglobalisation trends, commodity shocks, tighter finance cast a shadow on Asia's emerging markets (EM) which remain an important global growth engine, said Moody's Investors Service. According to Moody's as capital flows to EMs slow, smaller frontier markets in Asia face financing risks. In both larger and smaller economies, the sociopolitical repercussions of the rising costs of necessities like food are at risk. "The key question today is whether aggressive monetary ...
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s
Source: IANS
8/09/2022 4:43:52 PM
Moody's retains India's sovereign credit ratings The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions on the back of policy tightening, is unlikely to derail India's ongoing recovery from the pandemic in 2022 and 2023, Moody's said in a release on Tuesday. As per the release, India's sovereign ratings has been retained by Moody's at Baa3 with a stable outlook. "The stable outlook reflects our view that the risks from negative feedback between the economy and financ...
Moody's retains India's sovereign credit ratings
Moody's retains India's sovereign credit ratings
Source: Reuters
6/09/2022 2:30:18 PM
Corporates in emerging markets will log better earnings: Moody's Credit rating agency Moody's Investors Service said the earnings of emerging market (EM) companies in Asia-Pacific region will be better than that of companies in development markets (DM). Amongst the five countries - China, India, Malaysia, Indonesia and Thailand - where Moody's has the largest coverage of companies, India's improvement is the strongest, Moody's said. "On aggregate, rated EM companies' EBITDA will grow 28 per cent this year compared with 2019. ...
Corporates in emerging markets will log better earnings: Moody's
Corporates in emerging markets will log better earnings: Moody's
Source: IANS
2/09/2022 2:40:29 PM
Moody's slashes India's GDP growth projection to 7.7% for 2022 Moody's Investors Service has slashed India's Gross domestic product (GDP) growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis. Moody's had in May projected India's GDP to expand by 8.8 per cent this year. The economy grew by 8.3 per cent in 2021 and contracted by 6.7 per cent in 2020, the year when the pandemic struck the country. In its update to Global...
Moody's slashes India's GDP growth projection to 7.7% for 2022
Moody's slashes India's GDP growth projection to 7.7% for 2022
Source: Accord Fintech
1/09/2022 1:03:19 PM
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics The shortage of semiconductor chips that goes into various items to normalise sometime in next year while the lead times continue at a higher level, Moody's Analytics said in a report. "While we see lead times remaining elevated through the end of the year, we expect the chip shortage to normalise sometime in 2023," said the report. According to Moody's Analytics, last month was the first time since the start of the pandemic the lead time fell from 27.1 weeks to 27 wee...
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics
Semiconductor chips shortage to normalise, lead time to be higher: Moody's Analytics
Source: IANS
29/08/2022 1:52:56 PM
Moody`s withdraws NHAI`s ratings Credit rater Moody's Investors Service on Wednesday said it has withdrawn the National Highways Authority of India's (NHAI) Baa3 issuer rating and (P)Baa3 senior unsecured medium-term note programme rating. Prior to the withdrawal, the outlook on the issuer was stable. According to Moody's, it has decided to withdraw the ratings for its own business reasons. The NHAI was constituted by an Act of Parliament, the National Highways Authority of India Act, 1988. Being 100 ...
Moody`s withdraws NHAI`s ratings
Moody`s withdraws NHAI`s ratings
Source: IANS
25/08/2022 9:18:27 AM
Global oil prices to fall to $70/barrel: Moody`s Analytics Global oil prices are expected to fall to almost $70 per barrel by the end of 2024, said Moody's Analytics in a recent report on the Asia Pacific (APAC) region. Pointing out the increase in oil prices to $120/barrel in June after Russia's invasion of Ukraine and its fall to $100/barrel in August Moody's Analytic said: "This trend will continue; we expect crude prices to fall to almost $70 a barrel by the end of next year." "For the APAC region's big oil im...
Global oil prices to fall to $70/barrel: Moody`s Analytics
Global oil prices to fall to $70/barrel: Moody`s Analytics
Source: IANS
16/08/2022 2:16:43 PM
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable Moody's Investors Services has upgraded Bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to Ba3 from B2, a release said. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA has also been upgraded to b1 from b3.Yes The rating agency has also changed the outlook on the bank's ratings, where applicable, to stable from positive. "The upgrade of Yes Bank's BCA and ratings reflects the bank's...
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable
Source: IANS
5/08/2022 9:21:48 AM
Inflation in Asia Pacific economies to subside early: Moody`s Analytics  Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody's Analytics. A combination of factors like the extreme weather, the Covid-19 pandemic and lockdowns in China, Russian invasion of Ukraine resulted in distorting global supply chain and inflation, Moody's Analytics said in a commentary. In a commentary Moody's Analytics said high inflation is ...
Inflation in Asia Pacific economies to subside early: Moody`s Analytics
Inflation in Asia Pacific economies to subside early: Moody`s Analytics
Source: IANS
14/07/2022 9:23:07 AM
Outlook for credit conditions in 2022 is negative: Moody's Credit rating agency Moody's Investors Service on Thursday said the outlook for global credit conditions this year has turned more negative amid slower global growth, rising borrowing costs, surging prices for energy and commodities, supply-chain disruption and increased financial market volatility. "The surge in energy and food costs spurred by the invasion of Ukraine is weakening the purchasing power of households, raising input costs for companies and dampening investor sentime...
Outlook for credit conditions in 2022 is negative: Moody's
Outlook for credit conditions in 2022 is negative: Moody's
Source: IANS
30/06/2022 12:26:14 PM
JSW Steel rises as Moody's upgrades its corporate family rating to Ba1 from Ba2 JSW Steel is currently trading at Rs. 579.00, up by 7.25 points or 1.27% from its previous closing of Rs. 571.75 on the BSE. The scrip opened at Rs. 571.10 and has touched a high and low of Rs. 579.50 and Rs. 568.00 respectively. So far 78818 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 789.95 on 19-Apr-2022 and a 52 week low of Rs. 520.10 on 26-May-2022. Last one week high and low of the scrip stood at Rs. 5...
JSW Steel rises as Moody's upgrades its corporate family rating to Ba1 from Ba2
JSW Steel rises as Moody's upgrades its corporate family rating to Ba1 from Ba2
Source: Accord Fintech
28/06/2022 1:28:54 PM
Indian Banks to post larger increase in margins: Moody's Credit rating agency Moody's Investors Service on Monday said banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23. Moody's said the hike in policy rates in many G-20 emerging markets to curb inflation will improve the margins of the banks. The rating agency also said a more rapid acceleration of inflation would necessitate higher loan-loss provisions, erasing margin gains. "Orderly, gradual increases in interest rates will improve...
Indian Banks to post larger increase in margins: Moody's
Indian Banks to post larger increase in margins: Moody's
Source: IANS
27/06/2022 12:19:52 PM
Moody's Analytics sees another 60-80 bps hike in repo rate this year  Hours after the Reserve Bank of India raised key lending rates, or repo rate, by 50 basis points to 4.9 per cent, global financial services company Moody's Analytics said the central bank could hike the repo rate by another 60 to 80 basis points through the rest of the year. It, however, maintained that these rate increases will need to be carefully calibrated to meet the central bank's increasingly difficult objectives of supporting growth and taming inflation. The lastes...
Moody's Analytics sees another 60-80 bps hike in repo rate this year
Moody's Analytics sees another 60-80 bps hike in repo rate this year
Source: IANS
8/06/2022 8:37:13 PM