The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current
Moody's pointed out that RBI's action will delay the launch of HDFC Bank's Digital 2.0 initiative,
Leading global agencies including Moody's Investors Services and brokerage firm Barclays revised
According to it, auto unit sales will decline at least 30 per cent in 2020, following a decline of
The amended resolution process was credit positive as it helped preserve depositor confidence and
It said that the effects of lockdowns on Q2 activity will be larger than previously thought.
Elaborating on the key drivers behind India's sovereign downgrade, it said that the risks to the
" "Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the
" The outlook for India remains negative," the agency said in a statement.
Factory closures in China due to the virus, Moody's said, will disrupt supply chains, particularly
In October, Moody's had attributed the deceleration to an investment-led slowdown that has
Moody's on Thursday cut India's credit ratings outlook from stable to negative, saying that the
Highlighting the bleak GDP rate forecast, the globally reputed growth projector also stated that if
Responding to the economic measures announced by Finance Minister Nirmala Sitharaman, stock markets
The government also rolled back recent tax hikes on foreign and domestic equity investors in an
Moody's Investors Service report said the stress faced by NBFI sector and economic slowdown can
The Union cabinet had, on July 18, approved proposed amendments to the Insolvency and Bankruptcy
"We expect India's economy to grow around 7.3 per cent in both the years," the US-based rating
An American delegation is expected to travel to Beijing soon to resolve the remaining differences.