The European operations made up 35% of Tata Steel's total shipments in H1 of FY20, but generated only 2.4% of its reported consolidated EBITDA
The provisions in the IBC provide for the orderly resolution of a stressed company. Until now, the only resolution framework for NBFIs was through liquidation
The rating reflects significant improvement in RIL's scale and business mix over the past two years
RIL's Jamnagar refinery complexity increased to 21.1 as of March 2019 from 12.7 as of March 2018
"We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018," it said
The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk
TML is the largest manufacturer of commercial vehicles and passenger vehicles in India
Moody's now expects growth in G20 group of top world economies to stay around 2.6% next year, after 3% in 2018.
The founder of Mobius Capital Partners LLP suggests India should invest more in building infrastructure to return to the high-growth path
If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan
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
The rating outlooks for Bank of India, Canara Bank, Syndicate Bank and Union Bank of India are maintained at stable.
In November 2017, Moody's had upgraded India's sovereign bond rating for the first time in nearly 14 years.
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
An inability to raise planned equity capital will negatively impact YES Bank's credit profile and ratings, Moody's added
The agency expects these trends to continue through at least 2021, and does not see telecom companies generating enough cash to pay down debt and reduce elevated leverage
A key risk for vehicle financing companies in India was their heavy reliance on short-term wholesale funding, the agency said
Rating agency says continued decline in on-balance sheet loans is a reflection of its funding challenges