June 23, 2021 3:28 pm
In its report titled 'Macroeconomics India: Economic shocks from second COVID wave will not be as severe as last year's', Moody's said high-frequency economic indicators show that the second wave of COVID-19 infections hit India's economy in April and May. With states now easing restrictions, economic activity in May is likely to signify the trough.
June 01, 2021 3:23 pm
Moody's, which has a 'Baa3' rating on India with a negative outlook, said it expects a decline in economic activity in the June quarter due to reimposition of lockdown measures along with behavioural changes on fear of contagion.
May 12, 2021 12:44 pm
Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile.
April 13, 2021 4:01 pm
Moody's expects that given the focus on 'micro-containment zones' to deal with the current wave of infections, as opposed to a nationwide lockdown, the impact on economic activity would be less severe than that seen in 2020.
February 25, 2021 5:44 pm
Moody's had in November last year projected Indian economy to contract 10.6 per cent in the current fiscal and return to growth of 10.8 per cent in 2021-22 fiscal.
November 30, 2020 5:23 pm
In a report, Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging amid the current COVID pandemic.
November 12, 2020 5:37 pm
In its Global Macro Outlook 2021-22, Moody's also revised upwards India's GDP forecast for calendar year 2021 to 8.6 per cent growth from an earlier projection of 8.1 per cent expansion. The Indian economy had grown by 4.8 per cent in 2019.
July 16, 2020 2:21 pm
"Additionally, given these state-owned insurers' dominant position in India and ability to undercut other companies' pricing, improved pricing discipline will benefit the wider market's underwriting performance," Moody's said.
June 09, 2020 3:54 pm
Companies that move from investment grade category to sub-investment grade are sometimes referred as "Fallen Angels".
June 03, 2020 8:58 am
Rating downgrade by Moody’s underlines sombre economic outlook, the pressing challenge ahead.