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.
June 02, 2020 5:36 pm
Moody's said the economic disruption caused by the coronavirus pandemic and the downgrade of the sovereign rating are the key drivers for Tuesday's rating actions.
June 02, 2020 1:45 am
Moody's expects India's real GDP growth rate to contract by 4 per cent in 2020-21 due to the shock from the coronavirus pandemic and related lockdown measures.
June 01, 2020 8:21 pm
Moody's Investors Service downgraded the Government of India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2 and also downgraded India's local-currency senior unsecured rating to Baa3 from Baa2.
May 04, 2020 9:41 pm
"The proceeds from the rights issue will reduce RIL's net debt by about USD 7.8 billion and is credit positive," Moody's said in a note.
March 27, 2020 1:10 pm
Moody's said India is likely to see a sharp fall in incomes at the estimated 2.5 per cent growth rate, further weighing on domestic demand and the pace of recovery in 2021.
March 17, 2020 11:36 am
Moody's had in February projected a 5.4 per cent real GDP growth for India in 2020. This too was a downgrade from 6.6 per cent earlier forecast.
March 09, 2020 5:07 pm
Moody's baseline forecasts assume that the number of cases would keep increasing globally and there would be travel restrictions through the April-June period.