Erdogan says to take aim at Moody's following June elections

Jun 14 2018

Turkish President Erdogan has threatened to take action against Moody’s after June 24 elections, his latest broadside against credit rating agencies that he says are trying to bring down the economy.

Fitch ups India growth forecast to 7.4% for FY'19

Jun 13 2018

Fitch Ratings today raised India growth forecast for 2018-19 to 7.4 per cent from 7.3 per cent, but cited higher financing costs and rising oil prices as risks to growth.

Moody's upgrade Counterparty Risk rating of PNB

Jun 12 2018

Punjab National Bank (PNB) said Moody's Investors Service has upgraded Counterparty Risk Rating (CRR) to Baa3 from Ba1 following the bank's strong recovery and the government's continued support.

PNB, SBI, 13 others get Moody's counterparty risk ratings

Jun 12 2018

Global ratings agency Moody's Investors Service today gave counterparty risk ratings (CRR) to 15 lenders in the country, including fraud-hit Punjab National Bank and country's largest lender SBI.

PSBs recap plan insufficient to support credit growth: Moody's

Jun 07 2018

Moody's said the govt's recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be insufficient to support credit growth.

India may cut expenditure to stick to 3.3% fiscal deficit: Moodys

Jun 07 2018

Moody's Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital expenditure to offset any slippage from the budgeted target.

Sebi allows CRAs to withdraw ratings assigned to instrument

Jun 06 2018

Markets regulator Sebi today allowed credit rating agencies to withdraw the ratings assigned to a financial instrument and provide reason for such a move.

China shows faster pace of economic restructuring: Moody's

Jun 05 2018

China’s economic restructuring is picking up pace, with its manufacturing sector showing signs of a shift to higher value-added areas - a credit positive, analysts at Moody’s Investors Service said.

Closure of Vedanta copper ops marginally credit negative: Moody's

Jun 01 2018

"The permanent closure of Vedanta's copper operations is credit negative because it will reduce the company's scale and biz diversity," Moody's said.

GST, demo to improve tax collection, broaden tax base: Moody's

May 31 2018

Reforms such as GST and demonetisation will improve tax collection and broaden the tax base in India overtime, Moody's said.

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