Moody's Current Affairs, GK & News

Moody’s retains India’s Baa3 rating with stable outlook

Moody’s Investors Service recently announced its decision to maintain India’s sovereign credit rating at a minimum investment grade of ‘Baa3’ and continue with its “stable” outlook on the country. Key Points According to Moody’s, India’s economic growth rate in the current financial year will be 7.6 percent as compared to 8.7 percent in the previous ..

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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 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: India’s growth projection at 9.6 per cent for 2021

Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its report called ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe ..

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Fitch Ratings revises India’s growth estimate to 12.8%

American credit rating agency, Fitch, has published its ‘Global Economic Outlook (GEO)’. Fitch has revised GDP growth estimate of India to 12.8% for the fiscal year 2021-2022 from the previous 11%. Ratings were revised in the backdrop of loose fiscal stance, stronger carryover effect, and better virus containment. Key Points Ratings agency finds that level ..

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