Financial institutions are prime targets as they safeguard client wealth, facilitate transactions through payment networks and manage vast amounts of personal information.
Moody's Investors Service expects India's economic growth in 2024-25 growth above that of other emerging market G20 peers, given its domestic demand managed to sustain momentum.
Moody's Investors Service has affirmed the ratings on eight Adani Group companies. It changed the outlook on four of the Group companies to stable from negative and maintained the stable outlook on the other four companies.
Amid a glooming economy, Pakistan is the most vulnerable to balance of payment (BOP) crises among the South Asian sovereigns with the lowest level of exports of 10.5 per cent of GDP, Business Recorder reported citing a report by Moody's Investors Services.
Taking strong exception of Moody’s Investors Service’s views, which questioned Aadhaar workability, Central government on Monday said that the report is prepared "without citing any evidence or basis" and that it is baseless.
Pakistan last week signed a USD 3 billion loan programme with the IMF, following the revival of the USD 7 billion programme that was officially ending prematurely the same day.
The credit quality of Indian banks and non-bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody's Investors Service which said they are well placed to weather global banking sector stress.
According to Moody's Investors Service, the five banks to be downgraded on deposit rating include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL).
The profitability of the Indian oil marketing companies (OMCs) has increased as retail selling prices of petroleum products have "remain unchanged" during six months in 2022.