 | India's steel demand to slow down on weak auto, manufacturing demand: Moody's Investors ServiceWhile the country's steel output will increase on higher capacity utilisation as demand grows, the US tariffs will have a limited impact on rated producers' sales. |
 | Potential payment of past-due fees weighs on Bharti Airtel's credit profile: Moody'sAirtel's debt level could rise by 25 per cent if it is required to pay the full payment of its aggregate provision and if its funds it entirely with debt. |
 | Centre's fiscal deficit to be about 3.7 per cent in FY20: Moody's Investors ServiceAccording to a report, the persistent spending pressures and slower economic growth will result in continued widening of the fiscal deficit. |
 | Challenges ahead for most Indian non-financial companies in 2020: Moody's Investors ServiceMeanwhile, the continued depreciation of the rupee against the US dollar has limited negative credit implications for rated companies, as most have natural hedges in place. |
 | Moody’s raises concern that slow growth will keep states’ deficit highEarlier, the 15th Finance Commission had raised concerns over the states’ finances with the finance ministry. |
 | Moody's reviews BPCL's rating for downgrade on government stake saleThe ratings placed on review for downgrade include BPCL's ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd. |
| Enabling resolution of finance companies under IBC credit positive for banks: Moody'sThe central bank is authorised to appoint an administrator as well as an advisory committee that will oversee the resolution process. |
 | Tata Motors' India operations face acute challenges: Moody'sPro-forma the preferential allotment and the conversion of the warrants, Tata Sons' shareholding in TML will increase to 46.4 per cent from the current 38.4 per cent. |
 | In a major blow to Modi government, Moody's cuts India's credit rating outlook to negativeProlonged financial stress among rural households, weak job creation and credit crunch among NBFIs have increased the probability of slowdown. |
 | Sale of BPCL stake to a private entity is credit negative, says Moody’sCurrently, BPCL’s outstanding foreign currency bonds are worth $1.7 billion, but any redemption could expose it to significant refinancing risks. |
 | NBFCs pulling back on loans to MSMEs: Moody'sAccording to Moody's, it does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months. |
 | ‘Linking rates to ex-benchmark is credit negative’: Moody’s Investors ServiceIt’s also unclear if banks will be able to mitigate the risk by linking interest rates on CASA deposits to an external benchmark. |
 | Moody's downgrades India's GDP growth rate to 6.2 per cent for 2019The GDP growth forecast for 2019 calendar year was revised downwards from its previous estimation of 6.8 per cent. |
 | Outlook for banks stable for next 12-18 months: Moody’sAccording to the global ratings agency, economic growth over the next 12-18 months will remain weaker than previous years, at a time when banks are recovering from legacy NPAs. |
 | Government will rig no lifeline for NBFCsTop finance ministry officials said despite pressure from the corporate sector the thinking is that bailouts to every shadow bank wouldn't only require a huge amount of money but also set a bad model. |
