India's steel demand to slow down on weak auto, manufacturing demand: Moody's Investors Service

While 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.

published on : 3rd December 2019

Potential payment of past-due fees weighs on Bharti Airtel's credit profile: Moody's

Airtel'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.

published on : 2nd December 2019

Centre's fiscal deficit to be about 3.7 per cent in FY20: Moody's Investors Service

According to a report, the persistent spending pressures and slower economic growth will result in continued widening of the fiscal deficit.

published on : 28th November 2019

Challenges ahead for most Indian non-financial companies in 2020: Moody's Investors Service

Meanwhile, 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.

published on : 28th November 2019

Moody’s raises concern that slow growth will keep states’ deficit high

Earlier, the 15th Finance Commission had raised concerns over the states’ finances with the finance ministry.

published on : 28th November 2019

Moody's reviews BPCL's rating for downgrade on government stake sale

The 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.

published on : 26th November 2019

Enabling resolution of finance companies under IBC credit positive for banks: Moody's

The central bank is authorised to appoint an administrator as well as an advisory committee that will oversee the resolution process.

published on : 25th November 2019

Tata Motors' India operations face acute challenges: Moody's

Pro-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.

published on : 12th November 2019

In a major blow to Modi government, Moody's cuts India's credit rating outlook to negative

Prolonged financial stress among rural households, weak job creation and credit crunch among NBFIs have increased the probability of slowdown.

published on : 8th November 2019

Sale of BPCL stake to a private entity is credit negative, says Moody’s

Currently, BPCL’s outstanding foreign currency bonds are worth $1.7 billion, but any redemption could expose it to significant refinancing risks.

published on : 4th October 2019

NBFCs pulling back on loans to MSMEs: Moody's

According to Moody's, it does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.

published on : 11th September 2019

‘Linking rates to ex-benchmark is credit negative’: Moody’s Investors Service

It’s also unclear if banks will be able to mitigate the risk by linking interest rates on CASA deposits to an external benchmark.

published on : 11th September 2019

Moody's downgrades India's GDP growth rate to 6.2 per cent for 2019

The GDP growth forecast for 2019 calendar year was revised downwards from its previous estimation of 6.8 per cent.

published on : 23rd August 2019

Outlook for banks stable for next 12-18 months: Moody’s

According 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.

published on : 31st July 2019

Government will rig no lifeline for NBFCs

Top 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.

published on : 31st July 2019