Moodys Financial News
05.03 / 05:03
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Buy or sell: Ruchit Jain of 5paisa recommends buying Tata Chemicals and Max Financial Services stock this week
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's trading day on a negative note. Benchmark equity indices were trending down. The BSE Sensex opened lower by 104.87 points or down 0.14% at 73,767.42 level while the Nifty 50 opened at 22,371.25 level, down 34.30 points or 0.15%.
04.03 / 21:51
04.03 / 07:25
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Moody's upgrades India's 2024 GDP growth forecast to 6.8%
NEW DELHI : Rating agency Moody's on Monday raised its forecast for India's GDP growth in 2024, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending. "India’s economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%," the rating agency said in its Global Macro Outlook 2024-25.
04.03 / 05:17
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Moody's raises India's 2024 GDP forecast to 6.8% from 6.1%
Moody's on Monday raised India's GDP growth estimate to 6.8 per cent from 6.1 per cent for 2024. India's economic growth in the three months through December was much higher than most estimates. This was attributed to a sharp fall in key subsidies which provided a boost to GDP, reported Reuters, citing two government officials. India's economy grew 8.4 per cent during the October-December quarter, its fastest pace in one-and-half years, and much faster than the 6.6 per cent estimated by economists polled by Reuters.
03.03 / 23:23
02.03 / 04:49
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NYCB shares tumble 26% after 'material weakness' disclosure rattles investors
By Niket Nishant and Nupur Anand
02.03 / 03:37
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Fitch affirms United States' ratings at 'AA ', outlook ‘stable’, despite projected slowdown in 2024
Fitch, a credit rating agency, expects the US government deficit to improve slightly in 2024, narrowing to 8 per cent of GDP from 8.8 per cent in 2023. This forecast is based on anticipated factors including rising government revenue, reduced spending compared to 2023, and the absence of a repeat of the large one-off spending on deposit insurance seen in 2023. "The interest burden, however, will continue to grow given the higher debt burden and impact of higher rates," Fitch added.
29.02 / 22:19
23.02 / 20:45
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Moody's says hack against UnitedHealth Group is 'credit negative' for the company
(Reuters) -Credit Rating agency Moody's (NYSE:MCO) said on Friday that the recently reported hack against UnitedHealth Group (NYSE:UNH) was «credit negative» for the company.
23.02 / 02:11
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Red Sea attacks not impacting inflation despite diversion of shipping route amid soft demand
Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the impact on inflation, analysts from Moody's Investor Service said on Thursday. Ships carrying everything from furniture and apparel to food and fuel are being diverted away from the nearby Suez Canal trade shortcut to the longer and more expensive route around Africa. Rerouting takes vessels and crew out of danger from drone and missile strikes by Iran-aligned Houthis supporting Palestinians as the Israel-Hamas war rages.
15.02 / 14:19
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Surging auto insurance costs are fueling higher inflation
Former Assistant Treasury Secretary Monica Crowley discusses the strain inflation is having on the middle and lower class on 'The Bottom Line.'
15.02 / 05:09
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Adani Green share price extends gains into second consecutive session, jumps 6%; here's why
BSE on Thursday, February 15, in a weak market. Adani Green Energy share price opened at ₹1870.30 against the previous close of ₹1852.70 and soon jumped 5.8 per cent to the level of ₹1,959.60. Around 9:50 am, the stock traded 4.60 per cent higher at ₹1,938.
14.02 / 14:41
14.02 / 11:47
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Adani Green Energy share price up 4% - two factors behind the rally
Adani Green Energy rose nearly 4% on Wednesday's trading session to ₹1,882 on BSE. The recent surge in the stock can be attributed to two key factors: the upward revision by Moody's and the operationalization of a 51 MW solar capacity in Gujarat.
14.02 / 08:23
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Powering Millions: Adani Green's 30 GW project to generate 81 billion units of electricity annually
Adani Green Energy Limited (AGEL) is planning to develop a 30 GW renewable energy plant with a colossal plan in Khavda, India. The project is, poised to be the world's largest upon completion, and is expected to generate a staggering ~81 billion units of electricity annually, enough to power 16.1 million homes and prevent a whopping 58 million tonnes of CO2 emissions each year. AGEL plans on expanding its operational portfolio to 9,029 MW and total portfolio to a commanding 20,844 MW.
13.02 / 16:31
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Leaving Hindenburg behind, Moody's upgrades four Adani firms
₹9,350 crore ($1.125 billion) to the promoters of the company. Moody's maintained stable outlook ratings for Adani Green Energy Restricted Group (AGEL RG-2), comprising Wardha Solar (Maharashtra) Pvt.
13.02 / 07:11
11.02 / 12:21
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Adani Ports secures top position for climate actions
Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said it has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The assessments were done by CDP, S&P, Sustainalytics and Moody's. While the company secured 'leadership band' in CDP Climate Assessment 2023, it ranked first on the environmental dimension among 324 companies in the transport and transport infrastructure sector by S&P Global CSA 2023, a statement said. The company also secured the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics.
10.02 / 03:21
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Moody's downgrades Israel's credit rating on war risks; outlook negative
Moody's downgraded Israel's credit rating on Friday, citing material political and fiscal risks for the country from its war with the Palestinian militant group Hamas. The impact of the conflict raises political risk and weakens Israel's executive and legislative institutions, and its fiscal strength for the foreseeable future, said Moody's, which had begun the review for a downgrade on Oct. 19.
10.02 / 01:19
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Moody's downgrades Israel's credit rating due to Hamas conflict
Moody's downgraded Israel's credit rating Friday due to the impact of its ongoing conflict with Hamas in Gaza, lowering it by one notch from A1 to A2. In a statement, Moody's said it had done so after assessing that "the ongoing military conflict with Hamas, its aftermath and wider consequences materially raise the political risk for Israel as well as weaken its executive and legislative institutions and its fiscal strength, for the foreseeable future." The ratings agency also lowered its outlook for Israel's debt to "negative" due to "the risk of an escalation" with the far more powerful Lebanese militant group Hezbollah that operates along its northern border.
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