Pandemic will going to reel a severe pressure which may pose adversity towards global trade and worldwide supply chains, as said by Moody'sDeveloping countries in Asia such as Indonesia, Cambodia and India stand to benefit from their preferential access to the EU and US markets for certain goods
1 min read11 Aug 2020As of now, Moody’s has assigned Baa2 sovereign rating to India with a negative outlookFitch has warned that deterioration in India’s fiscal outlook because of lower growth could impact its sovereign rating
3 min read8 May 2020Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9% from 5.8%Moody's expects that government measures to stimulate domestic demand
1 min read16 Dec 2019Moody's today downgraded Yes Bank's long-term foreign currency issuer rating to B2 from Ba3On Thursday, Yes Bank shares ended 1.5% lower at ₹62.10 on the BSE
1 min read5 Dec 2019Moody's has projected Centre's fiscal deficit to be about 3.7% of the GDP in 2019-20, which will be slightly wider than the 3.4% posted in fiscal 2019The government has kept a fiscal deficit target of 3.3% of the GDP for 2019-20
1 min read27 Nov 2019Moody's has also downgraded the senior unsecured rating of the US dollar-denominated bonds issued by Lodha Developers International LtdThe negative outlook reflects the uncertainty over the refinancing of MDL's upcoming debt maturities, says Moody's
2 min read2 Aug 2019Berkshire Hathaway is expected to price the debt on Thursday with a spread of 150 to 155 basis points above benchmark Treasuries
3 min read4 Jan 2019Any further distress in the NBFI sector will pose significant downside risks to India's growth outlook, Moody's said
1 min read13 Dec 2018Authorities in eurozone,SouthKorea may also tighten policy to ensure macroeconomic stability, the rating firm said
3 min read7 Nov 2018Duty cuts will reduce the government's revenue by 10,500 crore, says Moody's
2 min read10 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared