5 February 2019: Moody’s Investors Service on Tuesday downgraded the credit rating of telecom operator Bharti Airtel and the backed senior unsecured notes issued by the telco’s Africa arm on account of uncertainty around the company’s profitability, cash flow situations… Read More ›
Moody’s
WEEKEND EQUITY UPDATE: 18 AUGUST 2012 – 19 AUGUST 2012
ASIA Prices of new homes in China rose in 49 of the 70 cities in July over the previous month’s data. The cutting of interest rates, improved sentiment and incentives for new home buyers weighed in on the data. Prices… Read More ›
EQUITY UPDATE: 11 AUGUST 2012
ASIA Singapore’s GDP declined 0.7 percent in the 2Q12 period on a q/q basis. Preliminary estimates pegged the GDP to decline 1.1 percent. (Bloomberg) INDIA Issuance of structured notes in India declined more than 70 percent to INR 5.88 b… Read More ›
EQUITY UPDATE – 10 AUGUST 2012
ASIA China’s Industrial output for July rose slower than expected by 9.2 percent to near three year lows, adding to concerns that the country is slowing in its recovery process. Inflation in the county declined for the fourth consecutive month… Read More ›
TATA STEEL’S UK UNIT DOWNGRADED BY MOODYS
Tata Steel UK Holdings Ltd – The UK-based subsidiary of Tata Steel (India) saw its credit rating suffer a downgrade by Moody’s by a single notch to B3. The reason for the downgrade was the overall glum outlook of the… Read More ›
EQUITY UPDATE: 1 AUGUST 2012
ASIA China’s steel factories saw a 96 percent decline in profits for the 1HY12 period on economic slowdown lowering demand. The China Iron and Steel Association revealed that profits came in at RMB 2.39 b (GBP 376 m) on rising… Read More ›
MOODY’S CUTS PEUGEOT ‘S CREDIT RATING TO Ba2
Peugeot – Co.’s credit rating has been down graded from Ba1 to Ba2 by rating agency Moody’s. The downgrade was primarily on the the basis of its disappointing results and it could risk further downgrades unless the co. undertakes measures… Read More ›
GERMAN IFO BUSINESS CONFIDENCE FOR JULY AT 103.3 vs exp 104.5 vs prv 105.2
German IFO Business Confidence Index declined more than expected on account of worsening outlook created by the euro debt crisis. The index declined to 103.3 in July from 105.2 in June. Expectations came in at 104.5. The previous news of… Read More ›
DAILY MARKET REPORT – 24 JULY 2012
Markets closed marginally in the positive territory in trade today. Global cues, too, were mixed, as we also saw some disappointing PMI numbers coming out in trading hours. Sensex closed at 16918.08 points, up 40.73 points (0.24%). The Sensex touched… Read More ›
MOODY’S DOWNGRADES ITALY TO Baa2
Rating agency Moody’s downgraded Italy by two notches from A3 to Baa2. It warned that the sovereign’s rating could face further cuts on further deterioration in the economy. The downgrade would raise bond yields at its auction today. (CNBC)
