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 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.
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 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.
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.
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.
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.
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.
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.