Moody’s Investors Service
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’ ..
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 ..
Category: Economy & Banking Current Affairs - 2024
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 ..
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 ..
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 ..
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 ..