Moodys

India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills, says Moody's

India's steel exports are expected to remain strong in the coming months as higher prices and regional demand would drive the steel companies to divert part of their output to exports

The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality

A large dividend from its cash-rich India operating subsidiary has boosted billionaire Anil Agarwal-led Vedanta Resources Ltd's efforts to refinance debt, Moody's Investors Service said on Monday.

Indian companies' value of investments in Russia's oil and gas fields could be impaired as import bans and international sanctions may constraint future cash flow generating capacity: Moody's

The reevaluation of the decision to sell a 20% stake in Reliance Industries Ltd's oil-to-chemical business to Saudi Aramco will not impact the firm's credit quality, Moody's Investors Service said

The rating action is because of substantial improvement in funding and liquidity position

The rating agency in a statement said that banks' improved profitability, capital and loss buffers will help them absorb anticipated loan losses and maintain credit strength

Coronavirus outbreaks triggering strict containment steps will impede economic recovery and erode borrowers' debt repayment capacity, increasing their asset risks, says agency

Reliance on the energy sector will be the 'key credit constraint' for the six countries forming the Gulf Cooperation Council (GCC), the ratings agency said in a report on Monday

Business Standard brings you stories that made the headlines on Friday

Analysing 22 rated Indian firms, Moody's found nearly half of them had dollar revenues or contracts priced in US dollars that protect the local earning

The 2021 outlook for banks in emerging markets is negative, while the outlook for insurers is stable, Moody's said.

All that happened in the markets today

Moody's has also upgraded the bank's long-term foreign and local currency bank deposit ratings to "B3" from "Caa1", and foreign currency senior unsecured MTN programme rating to (P)B3 from (P)Caa1

Successful equity raising showcases lender's regained access to external market funds, which is a result of its improving financial strength, the agency says

These six include Indian Oil Corporation, Hindustan Petroleum Corporation, Oil India, Petronet LNG, Bharat Petroleum Corporation and Oil and Natural Gas Corporation, the ratings agency said

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

Though Asia's external & fiscal buffers are generally more robust than those in other regions, equipping governments with more policy space, their policy responses will only cushion some of the impact

On Friday, the RBI said it will conduct the second tranche of targeted long-term repo operation (TLTRO 2.0) for an aggregate amount of Rs 50 billion, to begin with.