Moody's raises outlook for 15 banks, FIs to 'positive'

Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.

Apr 09, 2015, 17:21 PM IST

Moody's outlook upgrade significant; need to do more: FM Jaitley

The Moody's upgrade of India's rating outlook to 'positive' from 'stable' is significant, but the government will have to do more, Finance Minister Arun Jaitley said on Thursday.

Apr 09, 2015, 13:34 PM IST

Moody's upgrades India's outlook to positive, sovereign rating still a notch above junk

India's sovereign rating currently stands at 'Baa3', the lowest investment grade -- just a notch above 'junk' status.

Apr 09, 2015, 10:36 AM IST

Sensex up 167 points as Moody's upgrades India's rating outlook

The benchmark BSE Sensex rose over 167 points in early trade Thursday after rating agency Moody's raised India's rating outlook from stable to positive.

Apr 09, 2015, 10:01 AM IST

Moody's upgrades India's outlook to positive, affirms Baa3 rating

Ahead of Prime Minister Narendra Modi's Europe visit, Moody's has raised India's credit rating outlook to stable, validating government's reform thrust and fiscal discipline.

Apr 09, 2015, 08:34 AM IST

Telcos may hike mobile rates to recover spectrum cost: Moody's

Indian telecom operators are expected to gradually increase rates to recover Rs 1.1 lakh crore they bid for spectrum in the auction that concluded last week, Moody's said on Monday.

Mar 30, 2015, 16:19 PM IST

India's steps to revive gas-based plants to help banks: Moody's

Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said.

Mar 30, 2015, 13:55 PM IST

Spectrum auction proceeds to help plug fiscal deficit: Moody's

The fiscal deficit target for 2014-2015 is pegged at 4.1 percent of GDP and for the next fiscal at 3.9 percent.

Mar 26, 2015, 17:24 PM IST

Cairn's tax liability credit negative for Vedanta: Moody's

I-T Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by Cairn Energy eight years ago.

Mar 17, 2015, 14:37 PM IST

Moody's retains stable outlook on sovereign rating

The global rating agency Moody's on Wednesday retained its stable outlook on the sovereign rating at Baa3, citing the country's large and diversified economy and healthy private savings rate.

Mar 11, 2015, 20:49 PM IST

Expanded Sarfaesi Act credit positive for some NBFCs: Moody's

The Budget proposal to include non- banking finance companies (NBFCs) under the Sarfaesi Act is credit positive for lenders of loans against property, a leading rating agency said Monday.

Mar 09, 2015, 19:22 PM IST

Inflation targeting 'credit positive' for India: Moody's

In a major boost to India's sovereign outlook, Moody's on Thursday said the new 'inflation targeting' mechanism is a "credit positive" move and it would make RBI's monetary policy tools much more effective.

Mar 05, 2015, 10:49 AM IST

Moody's downgrade Central Bank, IOB on low govt funding

Rating agency Moody's Tuesday downgraded state-run lenders Central Bank of India and Indian Overseas Bank's local and foreign currency deposit ratings, anticipating low level of support from the government to these banks.

Mar 03, 2015, 17:51 PM IST

India's budget: Mood mixed at Moody's

The increase in service tax, however, is credit negative as it would increase the production cost for Indian corporates, the agency said.

Mar 02, 2015, 13:00 PM IST

Rating firms flay fiscal consolidation delay; rule out upgrade

Global agency Moody's said the credit profile still faces a constraint from the fiscal side, while the government has decided to focus more on growth than the fiscal consolidation.

Mar 01, 2015, 14:46 PM IST

Steel demand in India to grow in single digit: Moody's

Steel demand in India will grow in single digit in 2015 buoyed by government's infrastructure spending, rating agency Moody's Investor Services said Wednesday.

Feb 25, 2015, 19:23 PM IST

Reform policies to determine India's credit profile: Moody's

Moody's said the upward revision in GDP growth estimates on the basis of base year revision highlight the strength of the economy.

Feb 25, 2015, 10:33 AM IST

Russia's ruble, stocks drop on Moody's downgrade

Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.

Feb 24, 2015, 18:29 PM IST

PSU banks will have to access market to meet cap adequacy: Moody's

PSU banks will have to raise funds from the capital market to meet capital requirement norms in absence of adequate financial support from the government in the forthcoming Budget, rating agency Moody's said today.

Feb 16, 2015, 16:12 PM IST

RBI's CCCB guidelines credit positive for banks: Moody's

"The guidelines are credit positive for Indian banks because they make clear that banks will be required to hold the additional capital amid periods of rapid credit growth," Moody's said.

Feb 12, 2015, 12:29 PM IST