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High interest rates responsible for rising bad loans: Moody's

Source: MyDigitalFC.com

The Moody Blues In Concert
Rising interest rates and project delays are leading to an increase in bad loans among banks in India, Moody's said in a report. "A deterioration in credit conditions is already being felt in India, where slower economic growth and rising interest rates have made it tougher for borrowers to repay debt," Moody's Analytics said in the report. Non-performing assets (NPA) increased from a low of 2.3 per cent in 2011 to about 4 per cent in 2013. Public sector banks, which ...
Full article at: MyDigitalFC.com 1 day ago, 9:02am CDT
 


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Moody's downgrades Turkey outlook to "negative"

Source: Channel News Asia

Bundeswehr Holds Alpine Adventure Camp 2014
PARIS: Moody's rating agency on Thursday downgraded its outlook on Turkey to "negative", putting the country's investment-grade rating at risk, saying political uncertainty was affecting investor confidence and casting doubt over further reforms.The agency re-affirmed the country's current bond rating of Baa3, just one step above a so-called 'junk' level, which is out of bounds for many pension ...
Full article at: Channel News Asia 5 days ago, 4:58am CDT
 

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Sesa Sterlite gains; Moody's upgrades Vedanta

Source: NDTV

Makers of Popular Candy Crush Game Make Public Debut On New York Stock
Moody's said Vedanta has taken steps to improve its credit profile, simplifying its group structure through the formation of Sesa Sterlite - the result of a merger between Sesa Goa and Sterl ...
Full article at: NDTV Apr 3 2014, 1:10am CDT
 

Moody's upgrades outlook on Vedanta to stable

Source: Moneycontrol.com

Bundeswehr Holds Alpine Adventure Camp 2014
"With some of Vedanta's idled iron ore, copper and aluminium assets now operating, we believe that the worst is past for Vedanta even as commodity prices remain broadly flat," said Alan Greene, Moody ...
Full article at: Moneycontrol.com Apr 2 2014, 11:03am CDT
 

Moody's upgrades outlook on Vedanta to stable

Source: MyDigitalFC.com

Bundeswehr Holds Alpine Adventure Camp 2014
Ratings agency Moody's has upgraded its outlook on Vedanta Resources to 'stable', from 'negative' earlier, contending that the worst is over for the company. "With some of Vedanta's idled iron ore, copper and aluminium assets now operating, we believe that the worst is past for Vedanta even as commodity prices remain broadly flat," said Alan Greene, Moody ...
Full article at: MyDigitalFC.com Apr 2 2014, 10:55am CDT
 

Moody's Reviewing Russia Bond Rating for Downgrade

Source: ABC News

Fed Chairman Bernanke Gives Speech At American Economic Association Meeting
Moody's weighing downgrade of Russia's bond rating; cites weaker economy, Ukraine conf ...
Full article at: ABC News Mar 28 2014, 5:44pm CDT
 

Reduced govt stake in Axis Bk has no credit impact: Moody's

Source: Moneycontrol.com

The Moody Blues In Concert
."The government's non-controlling interest did not separately factor into our rating of Axis, and the partial sale of it accordingly does not impact our credit analysis of the bank," Moody's said in a statement ...
Full article at: Moneycontrol.com Mar 26 2014, 10:38pm CDT
 

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