Moody's Ratings

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

Debt maturities to stay elevated in Fy23; Fy24

Vedanta had recently announced that its board of directors have formed a subcommittee to evaluate a potential spinoff of its aluminum, iron and steel, and oil and gas businesses into separate listed c

The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour

Moody's senior vice president Christian de Guzman speaks about the rating agency's upgraded ratings outlook for India and more.

The nine companies whose rating outlook has been revised upwards are RIL, TCS, Infosys, ONGC, Petronet LNG, UltraTech Cement, Oil India, IOC and HPCL

While the share of oil in India's import basket is as much as 22.5% currently, a falling rupee could fuel inflation and take the steam out of low interest rates

The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further

Moody's Investors Service has downgraded Delhi International Airport Ltd's (DIAL's) corporate family rating and senior secured ratings to B1 from Ba3.

Outlook negative; Moody's says reduction in revenue will lead to additional debt being required to complete the airport's expansion

Owing to Covid pandemic, rating agency sees India's general govt deficit at 11.8% of GDP in FY22 as against previous forecast of 10.8%

Moody's Investors Service on Friday affirmed an investment grade rating of Baa3 with negative outlook on senior secured bonds of Adani Transmission Ltd (ATL).

The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.

Failure may result in weakened liquidity for the group, says Moody's.

Here are the top 10 business headlines on Tuesday morning

Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021

Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India

S&P expects India's growth to bounce back in FY22

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said

South Africa slipped into recession during the final quarter of 2019