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Moody’s places Yes Bank’s ratings under review

Global rating agency Moody’s has placed Yes Bank’s ratings under review for a possible downgrade citing its high exposure to the struggling NBFC and realty sectors. The agency has a ‘Ba1’ rating on the bank, which has a 6.4 percent exposure to NBFCs and housing finance firms and 7 percent to realty companies as of the March 2019 quarter. Yes ... Read More »

India to grow at 7.3% in 2019, 2020: Moody’s

The US-based rating agency said that the country is less exposed to a slowdown in global manufacturing trade growth than other major Asian economies and emerging markets and is poised to grow at a relatively stable pace in the two years. “We expect India’s economy to grow around 7.3 per cent in both years (2019, 2020),” Moody’s said in its ... Read More »