The agency said the decision to upgrade the rating was underpinned by the expectation that continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential.
The RBI's notification affects the risk weights of newly originated housing loans.
Raising concerns over the growing debt of China, Moody's Investors Services today downgraded Beijing's credit rating from Aa3 to A1.
Demonetisation will prompt weaker growth in the short term and "significantly disrupt economic activity" but can be useful in boosting tax incomes and convert into quicker fiscal consolidation, Moody's Investors Service said on Thursday.
The passage of GST Bill in the Rajya Sabha is "credit positive" for India's sovereign rating as the rollout of Goods and Services Tax regime will have a favourable impact on growth and tax revenues, Moody's Investors Service said today.
Chennai: Global credit rating agency Moody's Investors Service on Thursday said India's bankruptcy code boosts creditors bargaining power against big borrowers. However, Moody's also said significant infrastructure constraints have to be crossed for
New Delhi: Fiscal consolidation and moderate inflation are definite pluses for India, but graft, uncertain policies and their weak execution remain key constraints, according to Moody's Investors Service. In an e-mail interview with IANS, Marie
New Delhi: Economic stability in developed countries will fuel growth in the IT services sector benefiting Indian companies, which will see revenue growth stabilise at around 13 per cent, Moody’s Investors Service said today. It
New Delhi: Ahead of India's budget for the next fiscal, Moody's Investors Service today said the country's fiscal position will remain weaker than other emerging economies in the near term even if fiscal consolidation continued
Chennai: Global credit rating agency Moody's Investors Service and its Indian affiliate ICRA Ltd on Monday said their poll said India's economic exposure to external riks has gone up during the past seven months.In a
New Delhi: Moody's Investors Service on Wednesday said the failure to implement reforms by passing the GST and land bills in parliament could potentially hurt investments amid weak global growth and prove to be a
New Delhi: Moody's Analytics today stood by its report that had asked Prime Minister Narendra Modi to keep BJP members in check or risk losing global credibility and said it was part of its 'economic
New Delhi: Government today dismissed a recent report quoted to Moody's Analytics which had asked Prime Minister Narendra Modi to keep his party members “in check or risk losing domestic and global credibility, saying that
Mumbai: Moody's Investors Service today upgraded its outlook for the country's banking system to 'stable' from 'negative' on the expectation of reduction in pace of accretion of bad loans over the next few years helped
New Delhi: Describing RBI's decision to designate only two lenders SBI and ICICI as systemically important as 'credit negative' for the banking industry, Moody's today said the Reserve Bank appears to have followed less stringent
New Delhi: Precisely a week after it lowered India's growth forecast for this year, Moody's on Tuesday said the country's economy reflected some growth potential and even hinted at a ratings upgrade it sees some
Yakub Memon, 1993 Mumbai serial blasts convict, hanged in NagpurNagpur/New Delhi: Yakub Memon, the lone 1993 Mumbai serial blasts convict whose death sentence was upheld by the Supreme Court, was hanged to death today, capping
New Delhi: Raising a red flag over “empty promises” of the Modi government, global giant Moody's today said delay in key reforms is denting business confidence and the foreign investors are wary of investing in
New Delhi: Moody's today cautioned against tampering with the independence of the Reserve Bank of India (RBI) in deciding on interest rates, saying it would hurt India's economic prospects.Moody's Analytics, an economic research unit of
Mumbai: Indian base metals industry is expected to grow by 8-10 per cent annually over the next three years on the back of increased demand from power, construction and automotive sectors, rating agency Moody's said
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