Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
Top developers defy market trends: ICRA
India’s top listed developers are realigning their strategies to meet market demand; top 10 developers sold 8.57 million sq. ft. of space in the December 2019 quarter.
Moody’s cuts India outlook to negative
Moody’s cut its India outlook due to concerns of weak growth and fiscal risks. The S&P BSE Sensex closed at 40,323.61, 300 points lower than the previous day’s closing figure.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.