Tata Motors-owned JLR operates six sites in the UK, one in Slovakia and has a joint venture (JV) in China
The rating reflects significant improvement in RIL's scale and business mix over the past two years
Revises prediction from 6.2%, says slump lasting longer than expected
RIL's Jamnagar refinery complexity increased to 21.1 as of March 2019 from 12.7 as of March 2018
"Actually, under the failed BJP government, agriculture and farmers are dying, as are the product and services sectors," he said
Outlook downgrade comes 2 yrs after ratings upgrade. Govt says fundamentals remain strong
Market players said Moody's outlook underscored some of the marco concerns
Given the economic slump, most economists have lowered their FY20 growth estimates and expect the RBI to be more aggressive in cutting rates going ahead
Borrowing costs from overseas markets may not see substantial jump
Moody's decision to change the outlook to negative reflects increasing risks that economic growth will remain lower
The outlook was revised down for EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI
Weak opening in domestic equities also weighed on the domestic currency, however, sustained foreign fund inflows and easing crude oil prices capped the losses, forex traders said.
Economists say that though Moody's cut is not really justified at this point, the move is a grim reminder of the state of the economy and the need to accept that all is not well
Quoting IMF's latest World Economic Outlook, the finance ministry said that the Indian economy is set to grow at 6.1 per cent in 2019, picking up to 7 per cent in 2020
The company's European operations accounted for more than 40 per cent of the company's consolidated revenue in the fiscal year ending March 2019
The decline in natural gas revenue and earnings will have a limited effect on ONGC's metrics for fiscal 2020
Banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults, warned global rating agency Moody's
Government's move to cut corporate tax rate will boost net income of Indian firms
The losses to asset-backed securities (ABS) will also rise as the economy slows, said Moody's
It also affirmed the local and foreign currency deposit ratings of Canara Bank, OBC, Syndicate Bank and Union Bank at Baa3/P-3