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MOODY'S INVESTORS SERVICE NEWS

Interim budget firmly conveys govt's commitment to fiscal consolidation goals: Moody's

February 02, 2024 8:01 am

Fiscal deficit in next financial year is estimated at 5.1 per cent of GDP, lower than 5.8 per cent in current fiscal.

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Moody’s bullish on growth, flags sectarian tension, curbs on dissent

August 19, 2023 4:59 am

Rising political tension may contribute to downgrade, says agency, cites Manipur

Moody’s raises GDP growth forecast for India to 5.5% in 2023

March 02, 2023 7:35 am

According to government data released on Tuesday, India’s GDP growth declined to 4.4 per cent in the December 2022 quarter as against 6.3 per cent growth in the September 202 quarter.

These rating actions follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the Group.

Moody's revises outlook on 4 Adani Group entities to negative

February 13, 2023 2:45 pm

These rating actions follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the Group.

India's fiscal consolidation trend intact; to see strong revenues, debt stabilisation: Moody's

November 22, 2022 5:17 pm

Moody's Investors Service 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's healthy financial system is reflected in deleveraging by Indian corporates.

Moody's slashes India's economic growth forecast to 7.7% for 2022

September 01, 2022 11:16 am

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.

Moody's slashes India's economic growth forecast to 8.8% for 2022

May 26, 2022 6:25 pm

In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year.

Prolonged high temperatures could worsen inflation, hurt growth: Moody's

May 23, 2022 1:21 pm

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will likely become more volatile as it faces increasing, and more extreme incidences of climate-related shocks, it noted.

Sanctions on Russia may result in impairment losses for ONGC, others: Moody's

March 24, 2022 5:19 pm

Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) have invested in upstream oil and gas assets in Russia.

Moody's slashes 2022 India growth estimate to 9.1% on lower capex

March 17, 2022 1:40 pm

With regard to India, it said the country is particularly vulnerable to high oil prices, given that it is a large importer of crude oil. Because India is a surplus producer of grain, agricultural exports will benefit in the short-term from high prevailing prices.