Moody's Investors Service

Moody's Investors Service News

India to grow at 7.3% in 2019, 2020: Moody's

In 2018-19 fiscal, ending March 2019, Indian economy is estimated to have grown 7 per cent, lower than 7.2 per cent in 2017-18.

RBI board decision to extend timeline for banks to meet capital norms 'credit negative': Moody's

Amid growing tension between the government and the central bank, the RBI board met Monday and discussed issues to boost funding to MSMEs and ease capital pressure on banks.

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Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The government Monday proposed the merger of the three state-owned banks to create the country's third-largest lender as part of efforts to revive credit and economic growth

Closure of Vedanta's copper operations in India marginally credit negative: Moody's

The Tamil Nadu government on May 28 ordered the state pollution control board to seal and "permanently" close the Vedanta group's Sterlite copper plant in Tuticorin following violent protests over pollution concerns during which 13 people were killed in police firing.

Moody's downgrades Punjab National Bank, cites negative impact of fraud

The bank's weak earnings profile on account of huge NPAs and the associated credit costs — will limit PNB's ability to absorb the impact of the fraudulent transactions over the next 12-18 months, Moody's said.

Moody's says India recovering from demonetisation, GST; pegs growth at 7.6%

Moody's on Wednesday kept the growth forecast for India in the calendar year 2018 unchanged at 7.6 per cent and for 2019 at 7.5 per cent.

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Moody’s India rating upgraded, all eyes on word from S&P now

Moody’s upgraded India’s sovereign ratings to Baa2 from its lowest investment grade Baa3 citing the NDA government’s “wide-ranging program of economic and institutional reforms” among the reasons for the move.

Moody's raised India's rating based mainly on UPA government's work, says Chidambaram

"The ranking improved not because what happened yesterday but it improved based on what happened over seven or eight years. A major contribution to it was made by the UPA," Chidambaram said

Moody's rating upgrade: Should celebrate at Parliament Central Hall and damn Standard and Poor, says Yashwant Sinha

Moody's, after 13 years, upgraded India's sovereign rating from Baa3 to Baa2 on Friday.

Bankruptcy law credit positive for banks: Moody's

Moody's said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process

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