Moodys
We expect growth to gradually recover to 5.6 per cent in FY2020-21 and 6.5 per cent in FY2021-22 with support from easing monetary and fiscal policy and structural measures that may also support growth over the medium term Fitch said in a statement on Friday. (Photo: PTI/File)
Fitch cuts India GDP growth forecast to 4.6 pc in FY20
20 Dec 2019 5:03 PM

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.
Moody's cuts India's GDP growth forecast to 5.6 pc for 2019
13 Dec 2019 1:51 PM

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

Commodity and information technology (IT) services companies will benefit most from the tax rate cut.
Corporate tax cut positive but growth faces headwinds: Moody's
21 Sep 2019 1:17 PM

On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.

Banks will be free to decide the spread over the external benchmark. Subsequently, credit risk premiums may undergo change when a borrower's credit assessment also undergoes a substantial change, as agreed upon in the loan contract, Moody's said.
RBI mandate on floating rate benchmark rates is credit negative for banks: Moody's
10 Sep 2019 2:12 PM

This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.

Together, proceeds from these transactions will result in a USD 16 billion reduction in RIL's net debt, which will reduce RIL's adjusted net debt/EBITDA by 1.2x from 3.2x for fiscal year 2019, which ended in March 2019, a credit positive, the report said.
Moody's says Reliance stake sale to Aramco credit positive
14 Aug 2019 11:52 AM

RIL also entered a deal with BP to sell 49 pc stake in its fuel marketing business in India for USD 1 billion.

Bharti Airtel's leverage is improving, a rating stabilisation will be driven by operational improvement in Indian mobile operations, said Moody's. (Photo: File | PTI)
Airtel could raise USD 3.5 bn more from stake sale in merged tower entity: Moody's
19 Jul 2019 5:05 PM

Sale of a significant stake in its tower assets would help in further debt reduction, said Moody's.

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