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Friday, August 12, 2022

Moody's

MOODY'S NEWS

Moody's slashes India's economic growth forecast to 8.8% for 2022

May 26, 2022 6:25 pm

In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year.

Prolonged high temperatures could worsen inflation, hurt growth: Moody's

May 23, 2022 1:21 pm

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will likely become more volatile as it faces increasing, and more extreme incidences of climate-related shocks, it noted.

Sanctions on Russia may result in impairment losses for ONGC, others: Moody's

March 24, 2022 5:19 pm

Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) have invested in upstream oil and gas assets in Russia.

Moody's slashes 2022 India growth estimate to 9.1% on lower capex

March 17, 2022 1:40 pm

With regard to India, it said the country is particularly vulnerable to high oil prices, given that it is a large importer of crude oil. Because India is a surplus producer of grain, agricultural exports will benefit in the short-term from high prevailing prices.

Moody's and Fitch downgrade Russia's rating to 'junk' grade following sanctions by West

March 03, 2022 4:53 pm

While Moody's Investors Service downgraded Russia's long-term issuer and senior unsecured (local-and foreign-currency) debt ratings to 'B3' from 'Baa3', Fitch pulled down the rating on the country to 'B' from 'BBB', putting it on 'Rating Watch Negative'.

Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody's

February 04, 2022 1:38 pm

Mirroring the government's conservative growth assumptions, the revised budget estimates for fiscal 2021 show revenue receipts growing only 27.2 per cent, which leaves some scope for further gains once the fiscal accounts are tallied at the end of March 2022, Moody's said.

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

November 25, 2021 5:17 pm

Moody's projects India's economic growth will rebound strongly, with GDP expanding 9.3 per cent in the current fiscal ending March 2022, followed by 7.9 per cent in fiscal 2023.

Second wave of COVID infections increased bank's asset quality risks: Moody's

August 26, 2021 4:50 pm

The country's economic recovery, a tightening of loan underwriting criteria and continued government support will prevent a sharp spike in problem loans, it said.

Moody's cuts India growth forecast for 2021 to 9.6%

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.

Indian economy to grow 9.3% in FY22, second Covid wave raises risks to credit profile: Moody's

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.

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