Moody's flags high government debt and fiscal slippage risks for Indian economyMoody's on Sunday said the Indian economy is expected to clock a 6-6.3% growth in June quarter, and flagged risks of fiscal slippage arisin...
Gene Fang of Moody's explains the rationale behind lowering of India GDP forecast"This being the second such shock in a year, it could be an added burden for consumers and small businesses. We therefore expect that the r...
Moody's projects 13.7 pc growth in FY22, expects 7 pc contraction this fiscalMoody's Investors Service Associate Managing Director (Sovereign Risk) Gene Fang said "our current expectation is that in the current fisca...
Financial sector health may impact growth in medium term, says Moody's Gene FangCapital injection from Budget not enough to provide excess capacity for loan growth, says Associate MD, Sovereign Risk Group of Moody's
Moody’s has doubts over Modi’s ability to see through big reformsFang said that at Moody’s there had been concerns about the effectiveness and implementation of major policy prescriptions dished out by th...
Fitch, S&P flag high fiscal deficit, slow consolidation“The budget forecasts wider near-term deficits of 9.5% of GDP in FY21 and 6.8% in FY22 and a more gradual pace of consolidation than we had...
Moody's expresses doubts on India's higher revenue targets from tax, divestmentIndia's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 6.8% of GDP for the year ending March 2022, while for the curr...
Fiscal deficit target more or less in line with our projection: Gene Fang, Moody’sFiscal target for next year will be challenging to achieve and given the fact that the growth trajectory for India’s economy will remain on...
India facing risk of being in a larger structural slowdown: Gene Fang, Moody’sIndia’s debt to GDP at 67% is significantly higher than other peers in the BAA rated space .
Difficult for government to maintain 3.4% fiscal deficit in FY'20: Moody'sThe government has pegged the fiscal deficit for the next financial year at 3.4 per cent of GDP, as against the original target of 3.1 per ...
Sensex soars 461 points: What drove the rally & will it sustain?After all the turmoil, investors today went about covering their short positions.
Why Moody’s is warning India on fiscal deficit front“Fundamentals of India do offer some buffers against some of the risks of rupee depreciation.”
Moody's sees fiscal deficit at 3.4% in FY19Moody’s pegs India’s FY19 GDP growth at 7.3 per cent and 7.5 per cent in FY20.
Companies have high leverage in bank negotiations: Gene Fang, Moody's vice-presidentGene Fang, a Moody's vice-president and senior credit officer, highlights how the high leverage enjoyed by Indian corporates while negotiat...
Implementing suggestion of high-level panel may increase risks for creditors: Moody's Investors ServiceThe report also called for the creation of a framework for “prompt corrective action”, which would apply increasing levels of regulatory ov...
Moody's maintains negative outlook on Indian banksState-run lenders will have to depend on injections from the government to maintain capitalisation levels, it added.
Moody's downgrades subordinated debt ratings of 11 Indian banksThe other banks affected are Axis Bank, Bank of Baroda, Bank of India, Canara Bank, IDBI Bank, Indian Overseas Bank, Syndicate Bank and Uni...