Mumbai (Maharashtra) [India], Sep 21 (ANI): The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-t
New Delhi [India], Sep 16 (ANI): A coordinated drone strike on Saudi Arabia's key oil facilities over the weekend is expected to add a geopolitical risk premium to oil prices and is credit negative for Indian consumers, investment information company ICRA said on Monday.
Singapore, Sept 9 (ANI): The slowdown in the Indian economy is credit negative for auto asset-backed securities (ABS) backed by commercial vehicle loans because the performance of such loans is highly correlated to economic conditions, according to Moody's Analytics credit outlook report rel
New York [USA], Aug 1 (ANI): The cut in US Fed funds rate is credit negative for American banks, applying renewed pressure on net interest margins (NIMs) and profitability that could stimulate further consolidation of the sector, Moody's Analytics said on Thursday.
Singapore, July 22 (ANI): Dewan Housing Finance Corporation Limited's (DHFL's) weakening solvency is credit negative for Indian banks because they are key lenders to the company and its default will negatively affect their asset quality and profitability, Moody's Investors Service said on Mo
New Delhi [India], Oct 29 (ANI): Credit rating agency Moody's on Monday asserted that the ongoing political crisis in Sri Lanka is credit negative for the sovereign and the sudden appointment of the new Prime minister had heightened the policy uncertainty.
New Delhi [India], Jul 30 (ANI): Credit rating agency Moody's has said that the recent cuts in the Goods and Services Tax (GST) rates will weigh on the government's revenue collections and are credit negative for the country.