Moody's says the main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices.
The revision comes amid Moody's forecast for Asia-Pacific for 2024, which shows the region outpacing the global economy in terms of growth
Tata Motors' two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt, says Moody's.
India's average annual water availability per capita is likely to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021.
Jefferies says Adani Enterprises presents an “attractive play on Capex cycle theme”, and has built industry-leading businesses
Strong growth prospects should produce a sustained increase in car sales to 6 million by the end of the decade, says Moody's
Shares of Tata Motors hit an all-time high of ₹685.50 on Thursday
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
The credit rating agency also changed the company's outlook to 'stable' from 'positive'.
The country's economic growth surges to four-quarter high in Q1 from 6.1% in previous quarter and 13.1% in year-ago period
