Moody's Investors Service Current Affairs, GK & News

Downgrade in Russia’s Ratings

Following severe sanctions implemented on Russia by the western countries, Moody’s and Fitch downgraded the country’s sovereign rating to ‘junk’ grade. Overview: Russia’s long-term issuer and senior unsecured (local and foreign-currency) debt ratings have been downgraded to ‘B3′ from ‘Baa3’ by Moody’s Investors Service. Fitch meanwhile has downgraded Russia’s rating to ‘B’ from ‘BBB’, putting ..

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Moody’s India Growth Forecast- Update

The GDP growth prediction for India has been raised by Moody’s Investors Service. The prediction for the current financial year has been raised to 9.5 percent from 7 percent. Overview: The GDP forecast has been increased citing an economic recovery that has been stronger than expected starting from the national lockdown of 2020 to the ..

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Moody’s projection of India’s economic growth

On November 25, 2021, Moody’s Investors Service highlight that, India’s rising vaccination rate, high public spending and low interest rates are driving the positive outlook for corporate sector and non-financial companies. Highlights Moody’s now projects that, India’s economic growth will rebound strongly. India’s GDP will expand by 9.3% in the financial year 2021-22. GDP will ..

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Moody’s upgrades outlook on India’s sovereign rating to Stable

Rating agency Moody’s Investors Service upgraded the sovereign rating outlook of India to stable from negative. Highlights This rating was upgraded citing reduced risks from COVID-19 as well as negative feedback between real economy & financial system. Moddy’s has retained India’s rating at Baa3. It reflects the lowest investment grade rating. Moody’s further expects that ..

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Moody’s: Second Covid Wave Increased Banks’ Asset Risks

According to Moody’s Investors Service, second wave of Covid infections has increased the asset risks for Indian banks. Highlights According to it, second wave of coronavirus infections in India has exacerbated stress on individuals and small businesses. They were hit the hardest by the initial covid-19 outbreak. Thus, there are a number of factors to ..

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Moody’s report on Effect of Coronavirus

Moody’s Investors Service has published a report and stated that, though the businesses and economic activities across the globe have resumed after the pandemic-related lockdowns, but it would be hard for most of the countries to return to their pre-pandemic activity levels till the year 2022. Highlights The report highlights that, the global recovery will ..

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