 | India to ramp up coal output to reduce dependence on imports: Moody's Investors ServiceThe government has recently mandated CIL to import coal as an emergency measure to avoid a shortage of coal for the country's power utilities and build up buffer stock |
 | Debt-ridden Pakistan's policy continuity in doubt, says Moody's Investors ServiceThe GDP growth forecast is based on expectations of a reform agenda and the China-Pakistan Economic Corridor (CPEC) helps boost economic growth. |
 | Russia-Ukraine conflict will worsen global semi-conductor shortage: Moody'sAccording to Moody's Analytics analysis, transportation is another industry that will be suffering from the military conflict. |
 | Moody's assigns Baa2 rating to Reliance's USD 5 billion bonds issueReliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. |
 | Omicron adds new uncertainties to global economic outlook: Moody's AnalyticsThe new and potentially more contagious variant Omicron was first reported to the WHO from South Africa on November 24. |
| Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody'sMoody's explained that despite an increase in debt, deferred spectrum payments have limited immediate impact on operators' liquidity and cash flow. |
| Reliance credit quality not impacted by Aramco decision: Moody'sRIL has a rating downgrade trigger of net debt/EBITDA of 3.0x, but the company reported a net cash position as of September 30, 2021. |
 | 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. |
