Moody News

Moody's rating agency has made a big claim regarding Adani Group. The agency said that it would be extremely difficult for the Adani Group to raise funds. Gautam Adani has now slipped even below the 15th position. He has reached the 21st position in the list of the world's richest person.

According to Moody's, Indian economy will contract sharply in fiscal year ending March 2021. It will return to growth, though modestly, in fiscal 2021. Moody's said to maintain financial stability, government will continue to provide capital support for PSBs.

Announcing the capital infusion on Friday, the government also rolled back recent tax hikes on foreign and domestic equity investors in an attempt to boost market sentiment and revive the slowing economy.

The upgrade follows the Life Insurance Corporation acquiring 51 percent stake in the crippled lender which has around 32 percent of its assets as dud loans, thereby, improving its solvency.

The new fuel prices took effect on October 5.

A new study suggests that hot temperature is more likely to make people anti-social and moody.

People tend to become moody and also less helpful or 'pro-social' when it is uncomfortably hot, says a new research.

Shares of Reliance Communications on Wednesday tanked 9.5 percent after Moody's Investors Service downgraded the company's corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.

Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.

A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.

Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.

Credit rater Moody`s raised Argentina`s sovereign rating on Friday as the country prepared to return to international debt markets after 15 years in the cold.

Amid fears that 15,000 jobs may be lost, the UK today said it will appoint independent advisors once the sale of Tata Steel's UK business commences and, alongwith the Welsh government, help in securing a buyer for the country's largest steelmaker.

Tata Steel's plans to sell the UK business will help reduce pressure on the steelmaker's operating performance, Moody's Investors Service said on Friday.

Global rating agency Moody's has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P-3.

Credit conditions are likely to improve for rated Indian corporates and infrastructure debt issuers.

A Moody`s Investors Service analyst said India needed to improve its fiscal position to earn a ratings upgrade and warned that even if policy action was taken now it would likely take a while for the impact to be reflected on government finances.

Moody's Thursday upgarded Tata Steel's ratings, with a stable outlook, on expectations that Tata Steel UK Holdings - earlier known as Corus - will have less drag on the performance of the group.

The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.