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Moody’s changes outlook for Indian banking to ‘negative’

Moody’s changes outlook for Indian banking to ‘negative’

🕔17:34, 2.Apr 2020

New Delhi, April 2 Moody’s Investor Service on Thursday changed the outlook for the Indian banking system to negative as stress on the sector is likely to rise with the coronavirus outbreak and higher defaults. The Moody’s report said that

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REC’s Senior Unsecured Note rated ‘Baa3’ and ‘BBB-‘ by Moody’s & Fitch

REC’s Senior Unsecured Note rated ‘Baa3’ and ‘BBB-‘ by Moody’s & Fitch

🕔16:55, 26.Feb 2020

New Delhi, 26th February 2020: Fitch Ratings has assigned India-based REC Limited’s proposed senior unsecured note rating of ‘BBB-/Stable’ and Moody’s has assigned a rating of ‘Baa3’ on the same.The notes will be issued from REC’s existing USD 7 billion

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US-China trade war may escalate further: Moody’s

US-China trade war may escalate further: Moody’s

🕔12:09, 4.Sep 2019

Mumbai, Sep 4  The ongoing US-China trade war is headed for further escalation, global ratings firm Moody’s said on Wednesday. “Of the three plausible scenarios for US-China trade tensions, the risk of a ‘hardened stance’ scenario has increased,” Moody’s said

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US-China relations to remain contentious: Moody’s

US-China relations to remain contentious: Moody’s

🕔18:51, 25.Feb 2019

New Delhi, Feb 25  Reacting to US President Donald Trump’s decision to delay the date for American tariff hike on Chinese goods, US ratings agency Moody’s on Monday said although the compromise reached had become increasingly likely, the US-China relationship

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Indian economy expected to grow by 7.5% in 2018: Moody’s

Indian economy expected to grow by 7.5% in 2018: Moody’s

🕔07:15, 24.Aug 2018

Mumbai, Aug 24  Global credit ratings, research, and risk analysis firm Moody’s Investors Service expects the Indian economy to grow by around 7.5 per cent in 2018 and 2019. However, the company expects the country’s economy to grow at a

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Oil price biggest risk for Indian economy: Moody’s survey

Oil price biggest risk for Indian economy: Moody’s survey

🕔14:23, 4.Jul 2018

Mumbai, July 4  A majority of Indian and foreign investors consider that high oil prices have emerged as a significant risk to the country’s economy, Moody’s Investors Service said on Wednesday. The US rating agency’s report is based on a

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India will keep fiscal deficit target, oil to jack up CAD: Moody’s

India will keep fiscal deficit target, oil to jack up CAD: Moody’s

🕔10:00, 8.Jun 2018

Singapore, June 8  Moody’s expects the Indian government to meet its fiscal deficit target of 3.3 per cent of GDP for the current fiscal based on its commitment to gradual fiscal consolidation and budget assumptions, even as the US rating

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Moody’s cuts Punjab National Bank’s deposit ratings, outlook stable

Moody’s cuts Punjab National Bank’s deposit ratings, outlook stable

🕔14:40, 21.May 2018

New Delhi, May 21  Moody’s Investors Service has downgraded the local and foreign currency deposit rating of multi-crore fraud hit Punjab National Bank (PNB) to Ba1/NP from Baa3/P-3, a statement said here on Monday. At the same time, Moody’s has

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India’s fiscal deficit slippage has no material impact: Moody’s

India’s fiscal deficit slippage has no material impact: Moody’s

🕔10:15, 6.Feb 2018

New Delhi, Feb 6 Echoing Finance Minister Arun Jaitley’s description of Budget 2018-19 combining fiscal prudence with growth needs, US credit rating agency Moody’s on Monday said the “slight” slippage in fiscal deficit for the current year would have no overall

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Moody’s upgrades India’s sovereign rating

Moody’s upgrades India’s sovereign rating

🕔11:52, 17.Nov 2017

New Delhi, Nov 17  US credit rating agency Moody’s on Friday upgraded India’s sovereign rating to Baa2 from its lowest investment grade of Baa, while changing the outlook for the country’s rating to stable from positive, and said its was

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Investors, intermediaries confident of India’s 6.5-7.5% GDP growth: Moody’s

Investors, intermediaries confident of India’s 6.5-7.5% GDP growth: Moody’s

🕔13:55, 31.Jul 2017

Mumbai, July 31  Some of the largest investors, intermediaries and issuers in Asia Pacific are confident of India’s stable economic growth in the region of 6.5 per cent and 7.5 per cent over the next 12-18 months, Moody’s Investors Service

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RBI’s move on NPA resolution credit-positive for banks: Moody’s

RBI’s move on NPA resolution credit-positive for banks: Moody’s

🕔08:24, 20.Jun 2017

Mumbai, June 19  Global credit rating agency Moody’s Investors Service on Monday dubbed as ‘credit-positive’ for Indian banks the RBI plans to resolve 12 large bank loan accounts accounting for 25 per cent of the banking system’s non-performing assets (NPA).

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India to remain one of the fastest growing economies: Moody’s

India to remain one of the fastest growing economies: Moody’s

🕔15:22, 16.Jan 2017

Chennai, Jan 16 Global credit rating agency Moody’s Investors Service and its Indian affiliate ICRA Ltd on Monday said India will remain one of the fastest growing major economies globally in 2017 and the government will likely achieve its fiscal deficit

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Despite demonetisation Indian securitisation market to be stable: Moody’s

Despite demonetisation Indian securitisation market to be stable: Moody’s

🕔11:08, 28.Nov 2016

Chennai, Nov 28  The robust economic growth coupled with low oil prices will make India’s automobile asset based securities (ABS) or vehicle loans stable, said Moody’s Investors Service on Monday.According to Moody’s India’s securitisation markets will perform in a stable

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Consolidation in Indian banking sector risky: Moody’s

Consolidation in Indian banking sector risky: Moody’s

🕔09:58, 28.Jun 2016

Chennai, June 28  The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the potential benefits, said global credit rating agency Moody’s Investors Sevice.In a statement issued on Tuesday, Moody’s said the

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New regulations will transform India’s finance market: Moody’s

New regulations will transform India’s finance market: Moody’s

🕔15:20, 20.Jun 2016

Chennai, June 20  Global credit rating agency Moody’s Investors Service on Monday said the three recent regulatory changes made by India will have transformative implications for its structured finance market. “The changes will improve returns to investors, promote foreign investment,

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Indian IT services revenue to grow 11-13 percent: Moody’s

Indian IT services revenue to grow 11-13 percent: Moody’s

🕔14:23, 27.Apr 2016

Bengaluru, April 27  The resilient Indian IT services sector’s revenue growth would stabilise at 11-13 percent annually, with the bottoming out of the slowdown over the past 18 months, said global credit rating agency Moody’s on Wednesday.“We expect economic stability

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RBI rate cut expected: Moody’s

RBI rate cut expected: Moody’s

🕔13:14, 5.Apr 2016

Chennai, April 5  Terming the Reserve Bank of India’s 25 basis point cut as per market expectations, credit rating agency Moody’s Investors Service said on Tuesday a range of factors would determine financing conditions. A range of factors will determine

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India’s 2016-17 budget credit positive: Moody’s and Fitch Ratings

India’s 2016-17 budget credit positive: Moody’s and Fitch Ratings

🕔14:57, 1.Mar 2016

Chennai, March 1  Global credit rating agencies — Moody’s Investors Service (Moody’s) and Fitch Ratings — termed India’s fiscal budget for 2016-17 as credit positive for sovereign rating, but pointed out certain uncertainties. “The budget is modestly credit positive for

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Securitisation of loans key to develop small banks: Moody’s

Securitisation of loans key to develop small banks: Moody’s

🕔11:07, 22.Jan 2016

New Delhi, Jan 22  While non-banking finance companies (NBFCs) in India will continue to fund through securitisation, the practice of pooling of loans will be key for developing small finance banks, Moody’s Investors Service said on Thursday. “Securitisation will continue

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