There was further bad news for the Adani group as global credit rating agency Moody’s Investor Services downgraded the ratings outlook of four of its companies to negative from stable. Moody’s downgraded its ratings outlook to negative from stable for Adani Green Energy;
Despite the recent government bailout for the domestic oil companies, the refiners’ earnings are expected to remain weak in the fiscal year ending March 31, 2023 (fiscal 2023) because of significant losses incurred by these companies on sale of petrol and diesel
Rising interest rates will boost banks’ margins but the increase will be limited. Asset risks for banks will also increase but the deterioration will not be significant because of improved underwriting standards and prior recognition of legacy problem loans, Moody’s Investors Services
Moody’s Investors Service has reduced growth forecasts for G-20 economies and now expects real GDP to rise 2.5% in 2022, down from a May projection of 3.1%, while its forecast for 2023 has been cut to 2.1% from 2.9%. “Global monetary and
Food security has become a major concern for governments in Asia-Pacific as the Russia-Ukraine military conflict disrupts the supply and raises the cost of agricultural products, especially cereals and vegetable oils, as well as fertilizers and other agricultural inputs, a report brought
Extreme weather, the COVID-19 pandemic, lockdowns in China, and Russia’s invasion of Ukraine combined this year to distort global supply chains and send prices soaring. High inflation is troubling because rising prices erode purchasing power and add to input costs. In 2022,
Last week’s decision by the government to impose export tax on petrol, diesel, and jet fuel (ATF) shipped overseas by private and public sector companies and also charge a windfall tax on crude oil produced locally by both private and state-owned companies
Credit rating agency Moody’s Investors Service has said that as a result of rate hikes by central banks, it expects banks in India, Saudi Arabia and Indonesia will see increases in their return on assets as net interest margins widen, while credit
