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Saturday, August 15, 2020

Moody's

MOODY'S NEWS

Capital infusion in three state-owned insurers 'credit positive': Moody's

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.

India's sovereign rating downgrade created six 'fallen angels': Moody's

June 09, 2020 3:54 pm

Companies that move from investment grade category to sub-investment grade are sometimes referred as "Fallen Angels".

Moody’s cuts ratings of several firms, including TCS, HDFC Bank

June 03, 2020 12:17 am

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.

Moody's downgrades ratings of eight firms, three banks

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.

Explained: Why Moody's downgraded India's rating, what the implications may be

June 29, 2020 2:57 pm

Sustained loss of economic growth momentum, worsening government finances, and weak implementation of economic reforms since 2017 are some of the key reasons.

Moody’s cuts FY21 growth forecast to 0%

May 09, 2020 2:24 am

The global rating agency had in November 2019 revised down its outlook for India from stable to negative, although its sovereign rating of Baa2 is still a notch above those of S&P and Fitch — both the rating agencies have assigned the lowest investment grade to India, with a stable outlook.

Moody's slashes India growth forecast to 0.2% for 2020

April 28, 2020 9:34 pm

In its report titled - Global Macro Outlook 2020-21 (April 2020 update), Moody's has lowered G-20 advanced economies as a group to contract by 5.8 per cent in 2020.

Moody’s cuts 2020 growth forecast to 2.5% from 5.3%

March 28, 2020 1:43 am

India’s growth, however, could rebound to 5.8 per cent in 2021, while China’s may accelerate to 6 per cent, Moody’s said.

SoftBank blasts Moody’s for 'biased' ratings downgrade

March 26, 2020 11:23 am

SoftBank’s shares slid as much as 8.4% early in Tokyo trade. The Moody’s downgrade -- lowering SoftBank’s corporate family rating and senior unsecured rating to Ba3 from Ba1 -- pushed the company deeper into junk territory.

Moody's lowers India's GDP growth forecast to 5.3 per cent in 2020

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.