Moody's

Continuous improvement in operational profile, financials triggers upgrade, says the ratings agency

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

The military conflict between Russia and Ukraine is impacting companies in Asia Pacific

Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.

Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals

If Moscow is declared in default, it would mark Russia's first major default on foreign bonds since the years following the 1917 Bolshevik revolution

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

'The motion comes at a time when Pakistan is encumbered with surging inflation and widening current account deficits amid rising global commodity prices'

Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions

As RBI barred Paytm from taking on new customers for its Payments Bank, a new report said fintech platforms' dominance in digital payments may not result in a significant data advantage over banks

The RBI would like to keep interest rates unchanged for a while longer and not put any roadblocks in front of the Indian economy, says Moody's Analytics' Steve Cochrane

Moody's cut Russia's ratings to B3 from Baa3, with the ratings company saying there may be further cuts

Global gas prices are expected to rise if any material and sustained escalation in the conflict between Russia and Ukraine puts constraints on Russia's gas exports, Moody's Analytics said.

Had predicted 7.9%; says oil & supply could spoil party

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum

Global oil and liquified natural gas (LNG) prices are likely to see a sharp rise in the event of a Russia-Ukraine conflict, Moody's Investors Service said

'We expect the regional refining benchmark to average around $3-4/bbl over the next 12-18 months, balancing our expectations of demand recovery alongside incoming capacity additions,' says Moody's

Here are the top headlines on Wednesday

Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then

The path toward the government's medium-term deficit target of 4.5% of GDP by FY25 remains undefined.