 | Moody's Investors slashes India's growth forecast for 2021 to 9.6 per cent from 13.9 per centMoody's said that the 10 states that have been hardest hit by the second wave collectively account for more than 60 per cent of the pre-pandemic level of India's GDP. |
 | Conflict in Israel has limited economic implications: Moody's InvestorsMoody's said that the violence risks further complicating efforts to assemble a stable majority coalition government which will have negative implications. |
 | Second Covid wave poses credit-negative threat: Moody’sAs per official estimates, the Indian economy contracted 8 per cent in 2020-21 fiscal year, which ended on March 31, 2021. |
 | Moody's revises Tata Steel outlook to stable from negativeIts profitability has steadily improved to its 10-year high of Rs 18,948 EBITDA/tonne during the third quarter of FY21, from Rs 4,969 in the first quarter. |
 | Spectrum buys to bolster telecom firms' market position: Moody's Investors ServiceSome telcos have large cash holdings while others recently raised debt to fund the purchases, there will not be a significant impact on their balance sheets particularly. |
| Moody's projects 13.7 per cent growth in FY'22, expects 7 per cent contraction this fiscalFor current fiscal, the US-based rating agency expects the economy to contract 7 per cent, lower than its previous estimate of 10.6 per cent contraction. |
| Moody's expresses doubts on higher revenue targets from tax, divestmentThe Fiscal Responsibility and Budget Management Act will also be amended to achieve a fiscal deficit of 4.5 per cent of GDP by 2025-26 only. |
| Moody's assigns provisional Baa3 rating to Adani International Container Terminal bondsThe provisional Baa3 rating also benefits from AICTPL's strong and committed shareholders as well as the bond's fully amortising fixed-cost debt structure. |
