scorecardresearch
Moody's

Moody's

 

More Stories on Moody's

Why Moody's, Fitch Ratings are going gaga over Bharti Airtel?

Sep 14, 2020

The agencies believe that since Airtel is not required to make lumpsum AGR payment to Department of Telecommunications, the telco can use some of its recently-raised funds to deleverage

Metro resumes full service; How COVID cases went undetected

Sep 12, 2020

Delhi Metro resumed its full services on Saturday with the Airport Express Line reopening after a hiatus of over 170 days due to the COVID-19 pandemic; Drug Controller General of India (DCGI) Dr VG Somani has ordered Serum Institute of India (SII) to suspend any new recruitment in Phase 2 and 3 clinical trials for the Oxford-AstraZeneca coronavirus vaccine candidate till further notice; Millions of coronavirus cases may have gone undetected in India earlier this year, a research paper estimates. Watch this and more on News Blast.

Also Read: RBI continues to remain net buyer of US dollar in July, purchases $15.973 billion

SEBI hikes investment corpus in equities to 75% for multicap funds

Sep 12, 2020

Unlock 4.0: Delhi metro to follow pre-COVID schedule, Airport Line reopens

Delhi Metro resumed its full services on Saturday with the Airport Express Line reopening after a hiatus of over 170 days due to the COVID-19 pandemic. All corridors of the Metro network are now in operation and the timing of services will follow the pre-COVID-19 schedule of 6 AM to 11 PM.

DCGI orders Serum Institute to suspend recruitment in Oxford COVID-19 vaccine clinical trials

Drug Controller General of India (DCGI) Dr VG Somani has ordered Serum Institute of India (SII) to suspend any new recruitment in Phase 2 and 3 clinical trials for the Oxford-AstraZeneca coronavirus vaccine candidate till further notice. The direction comes close on the heels of SII's answer to a show-cause notice by the drug regulator asking why the clinical trials for the COVID-19 vaccine in question were not stopped even after patient safety concerns surfaced.

SEBI hikes minimum investment corpus in equities to 75% for multicap funds

In a bid to diversify the underlying investments of multicap funds across the large, mid and small cap companies, Securities and Exchange Board of India (SEBI) on Friday modified asset allocation framework for such mutual funds. The market regulator has asked multicap funds to have a minimum equity investment of 75 per cent as against the current mandate of 65 per cent.

Moody's expects India's GDP to contract 11.5% in FY21

Moody's Investors Service has joined the league of global rating agencies that have forecasted a double-digit contraction in India's gross domestic product (GDP) growth for the current financial year 2020-21 (FY21) due to the coronavirus-led lockdown disrupting economic activities. Moody's on Friday lowered India's growth estimates for the current fiscal to (-) 11.5 per cent, from (-) 4 per cent estimated earlier.

Millions of COVID-19 cases went undetected in India, research paper estimates

Millions of coronavirus cases may have gone undetected in India earlier this year, a research paper estimates, saying that for every confirmed case in May, there were 82 to 130 infections that were not recorded. The paper, published in the Indian Journal of Medical Research, estimated that the country had nearly 6.5 million cases as early as May.

Mistrys to raise Rs 11,000 crore pledging Tata Sons stake; Tatas object in SC

The business of Shapoorji Pallonji (SP) family is in dire crisis and their group is in talks to raise Rs 11,000 crore by pledging nearly 2 per cent of their stake in Tata Sons, the holding company of Tata group companies. SP Group has signed definitive documents with Brookfield to raise Rs 3,750 crore.

Moody's has maintained SBI's rating outlook as negative

Moody's downgrades SBI's standalone profile on asset quality, profitability concerns

Aug 26, 2020

Moody's said SBI's ratings could be downgraded if India's sovereign rating is downgraded, reflecting the high interlinkages between the banks' credit profile and that of the government

Moody's said to maintain financial stability, government will continue to provide capital support for PSBs

PSBs to require capital of Rs 2 lakh crore over next two years: Moody's

Aug 21, 2020

According to Moody's, Indian economy will contract sharply in fiscal year ending March 2021 (fiscal 2020) before returning to growth, though modestly, in fiscal 2021

Rating agencies sharply revise GDP growth rate for FY21

Jul 28, 2020

Rating agencies sharply revise GDP growth rate for FY21

Moody's downgrades Rolls-Royce's credit rating to junk over headwinds in aviation sector

Jul 27, 2020

Moody's cut its ratings on the UK-based engine-maker's bonds by two notches to Ba2 from Baa3, meaning its bonds are now regarded as non-investment grade, and also gave the company as a whole a Ba2 rating with a negative outlook

NITI Aayog CEO Amitabh Kant

Ratings agencies will see merit in India's 'historic' reforms: NITI Aayog's Amitabh Kant

Jun 04, 2020

Earlier this week, Moody's downgraded India's sovereign rating to the lowest investment grade citing weak government financials, sustained slowdown, and poor executin of economic reforms

Trump suspends H-1B, other visas; Sundar Pichai supports immigrants

Jun 23, 2020

Trump administration has suspended and limited the entry into the US of H-1B, H-2B, and L visa-holders and their dependents till December 31, 2020; Weeks after cutting India's sovereign rating, Moody's on Monday said that India's gross domestic product (GDP) will contract 3.1 per cent in 2020 due to the coronavirus-led nationwide lockdown; Google and Alphabet CEO Sundar Pichai has expressed his disappointment over the Trump administration's latest proclamation that suspends immigrant work visas including the H-1B visas temporarily till end of the year. Watch this and more on News Blast.

Mumbai escapes Cyclone Nisarga; Uday Kotak is new CII President

Jun 04, 2020

Mumbai escaped the brunt of a cyclone on Wednesday after winds changed direction and the storm made landfall further south on India's western coast than expected; Moody's Investor Service has downgraded the long-term issuer ratings of oil marketing companies (OMCs) including Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Limited (HPCL), Oil India Limited (OIL), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL); Veteran banker Uday Kotak has been appointed as the new President of the Confederation of Indian Industry (CII) for 2020-21. Watch this and more on News Blast.

Retail, SME loans could deteriorate too, says Moody's

Moody's says India's retail, SME loan quality may deteriorate as well

Jun 04, 2020

Coronavirus impact: Moody's said that the risks to the financial system are rising. It pointed out that some sectors were under strain even before the coronavirus pandemic began