Moody’s slashes India growth forecast to 0.2% for 2020-21
NEW DELHI: Moody’s Investors Service on Tuesday slashed India growth forecast for calendar year 2020 to 0.2 percent, from 2.5 percent projected in March. For 2021, Moody’s expects India’s growth to rebound to 6.2 percent. In its report titled – Global Macro Outlook 2020-21 (April 2020 update), Moody’s has lowered G-20 advanced economies as a […]
Coronavirus impact: Moody’s cuts India’s growth forecast to 2.5% from 5.3%
NEW DELHI: Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent from an earlier estimate of 5.3 per cent, on account of the rising economic cost of the coronavirus pandemic. This compares to 5 per cent growth in 2019. Moody’s said, at the 2020 […]
Moody’s affirms Yes Bank’s ratings; outlook stable
NEW DELHI: Moody’s Investors Service on Thursday affirmed the ratings of Yes Bank, a day after RBI curtailed term of the midsize private lender’s promoter chief executive Rana Kapoor. The rating agency has also maintained the outlook on the ratings as stable. “Yes Bank’s profitability is strong, and Moody’s expects that the bank can maintain […]