The agency has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
While government measures to support the economy should help to reduce the depth and duration of India's growth slowdown, prolonged financial stress among rural households, weak job creation, and, more recently, a credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown, the rating agency said.
The mega merger of 10 state-run banks is credit positive, as it can increase their operational scale and growth capital, apart from improving their corporate governance over the long term, says a report.
It said that while the middle-class tax relief will weigh somewhat on direct tax revenues, GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted expectations.
In a report titled “Global Macro Outlook: 2018-19 (August 2018 Update)”, the firm said Indian economy grew at a higher rate of 7.7 per cent in the first quarter of 2018.
Last week, Moody's revised India's rating recognising the government's reforms push. Will Standard & Poor's follow suit?
India’s 30-place leap in the World Bank’s ‘Doing Business 2018’ rankings affirm India’s growth story as well as the Centre’s reforms agenda.
Weak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, credit rating agency Moody's has said in its latest report.
With a few months left for Moody's sovereign ratings, it has emerged that the Indian government had aggresively pitched for an upgrade, even questioning the methodology followed by the credit ratings agency. However, the agency
Moody’s Investors Service on Wednesday said that the rating of four Tata Group operating companies continue to benefit from an uplift from the group’s main holding company, Tata Sons, despite the conglomerate’s online board reshuffle
Moody's Investors Service sees securitisation market to remain stable next year despite as it expects good credit quality across most asset classes.
The Finance Ministry today expressed concerns about the methodology used by credit rating agency Moody's.
Moody's on Tuesday indicated that it is unlikely to upgrade India’s sovereign rating and will only do so in 1-2 years if it is convinced that economic reforms are tangible.
Owing to the slow pace of bad loan formation, the Indian banking sector is set to remain stable for the next 12-18 months, Moody's Investors Service said today. "While the stock of impaired loans
Credit rating agency Moody's Investors Service on Wednesday said the State Bank of India's (SBI) issuance of additional tier 1 (AT1), Basel III compliance securities would set the pricing benchmark for other issuers.
New Delhi: Ratings agency, Moody's on Tuesday said that at 7.5 percent, India's growth rate during 2015-16 will be the highest among the global 20 major economies (G20).It said the growth has been predicted on
Rating agency Moody's today said emerging economies in Asia Pacific region, including India, have a high degree of immunity to external shocks, but will face challenges when the US Federal Reserve begins raising interest rates."A
New Delhi: The Moody's upgrade of India's rating outlook to 'positive' from 'stable' is significant, but the government will have to do more, Finance Minister Arun Jaitley said on Thursday."Moody's has changed rating outlook to
New Delhi: Indian economy is expected to pick up pace in 2015 and grow in the range of 5 to 6 per cent, helped by strong domestic demand, rating agency Moody's today said.“India will have
New Delhi: The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, global rating agency Moody's Investors Service said in a report."India's Baa3 government bond rating balances the strong growth
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