Moody’s has raised its real GDP growth projections for India on Thursday expecting a robust 7.2% growth in 2024 (up from 6.8%) and 6.6% in 2025 (up from 6.4%). This revision reflects strong, broad-based growth, driven by resilient private consumption and improved business conditions. The Indian economy grew 7.8% year-over-year in the first quarter of … Read more
Mumbai: Moody’s Ratings has affirmed private lender YES Bank’s Ba3 long-term foreign currency and local currency ratings. The agency also changed the outlook to positive from stable. The change in outlook reflects Moody’s expectations that a gradual improvement in YES Bank’s depositor base and lending franchise will help improve its core profitability over the next … Read more
S&P Global Ratings on Friday downgraded Vedanta Resources to among its lowest ratings citing a “distressed” bond extension move, marking the second downgrade of the company this week. The agency reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet … Read more
