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Moody's Flags Fiscal Slippage Risks For Indian Economy

In an interview on Sunday, the rating agency Moody's warned of the possibility of fiscal slippage as a result of lower-than-anticipated government revenues for the current fiscal year. In an interview with PTI, Moody's Investors Service Associate Managing Director Gene Fang ...

Moody's Slashes 2022 India Growth Estimate, To 9.1 pc

Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its Global Macro Outlook 2022-23 ...

Moody’s: Tata Steel's Acquisition Of NINL To Strengthen Long Steel Output, Mining Interests

Moody's Investors Service on Monday said the acquisition of Neelachal Ispat Nigam Ltd (NINL) by Tata Steel arm is credit positive because it will increase the subsidiary's long-steel production capacity and its reserves of iron ore. Last month, Tata ...

Bank Nifty Top 40011 Levels; More Gains Likely On Improved Outlook

Though indices have seen some profit booking and have pared record high levels, they have again recouped initial losses with Nifty at 18590 levels. On the Bank Nifty too a new high of 40,011 has been hit. The gains have ...

Moody's Cuts India Growth Forecast For 2021 To 9.6 Per Cent

Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter In ...

Moody's Joins Other Rating Agencies; Cuts FY22 GDP Forecast For India To 9.3 Per cent

Following other rating agencies, Moody's Investors Service on Tuesday slashed the country's economic growth forecast from the earlier estimated 13.7% to 9.3% for FY22. This was done given the negative effect of the second coronavirus wave. The agency warned that risks ...

IndusInd Bank Slips 3% After Moody's Revises Outlook To Negative

IndusInd Bank shares in early trade on February 12 slipped as much as 3% to Rs. 1252.2/ share versus its previous close of Rs. 1292.2. The losses in the stock are primarily triggered by Moody's revision of outlook on the bank's ...

Yes Bank's Ratings Placed Under Review By Moodys

Due to uncertainty over the private lender's fund raising plans, foreign brokerage Moody's Investors has put the long term foreign currency issuer rating ‘B2' under review. At the same time, foreign and local currency bank deposit ratings ‘B2' and its (P) ...

Moody Cuts India's GDP Forecast For FY 20 To 4.9% From 5.8%

As India's growth has been languishing and in the September ended quarter of the current financial year it reported a growth rate of just 4.5% in comparison to the 5% figure recorded for the earlier quarter, Moody's Investors Service on December ...

Rupee Trades Lower At 71.18 After Moody's Cut India's Sovereign Rating

Rupee in Friday's trade resumed trade at a weaker note dropping as much as 34 paise at the opening to 71.30 in contrast to the previous close of 70.96. Also, Moody's cut the sovereign rating of the country amid prolonged ...

Moody's Report Say Rupee's Fall To Not Rein In By Capital Inflows

As per the Moody's Investors Services report claims the Indian rupee's continuing devaluation cannot be brought to halt by just triggering inflows into the country. The investment firm's report came as a big negative for the Indian economy which saw rupee ...

Oil Price Rise To Affect India's Fiscal Deficit: Moody's

The ailing rupee which has been suffering due to the dollar's upbeat trajectory is likely to weigh highly negative for India's fiscal deficit. And as per credit agency, it is estimated to surpass the estimated target of 3.3% for the ongoing ...

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