{"id":173612,"date":"2021-10-07T00:15:18","date_gmt":"2021-10-06T18:45:18","guid":{"rendered":"https:\/\/arunachaltimes.in\/?p=173612"},"modified":"2021-10-07T00:15:18","modified_gmt":"2021-10-06T18:45:18","slug":"moodys-raises-rating-outlook-to-stable-for-18-corporates-banks","status":"publish","type":"post","link":"https:\/\/arunachaltimes.in\/index.php\/2021\/10\/07\/moodys-raises-rating-outlook-to-stable-for-18-corporates-banks\/","title":{"rendered":"Moody\u2019s raises rating outlook to stable for 18 corporates, banks"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">New Delhi, Oct 6 (PTI): Moody\u2019s Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to \u2018stable\u2019 from \u2018negative\u2019.<\/p>\n<p style=\"text-align: justify;\">This follows the upgrade by the US-based rating agency in India\u2019s sovereign rating outlook to \u2018stable\u2019 from \u2018negative\u2019 on Tuesday. The agency had affirmed the sovereign rating at \u2018Baa3\u2019.<\/p>\n<p style=\"text-align: justify;\">The nine companies whose rating outlook has been revised upwards are RIL, TCS, Infosys, ONGC, Petronet LNG Ltd, UltraTech Cement, Oil India, Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL).<\/p>\n<p style=\"text-align: justify;\">The agency also affirmed the rating on privatisation-bound Bharat Petroleum Corporation (BPCL), but maintained the \u2018negative\u2019 outlook.<\/p>\n<p style=\"text-align: justify;\">The nine banks whose outlook has been revised to \u2018stable\u2019 are SBI, Axis Bank, Bank of Baroda, Canara Bank, Axis Bank, HDFC Bank, ICICI Bank, PNB, Union Bank and EXIM Bank.<\/p>\n<p style=\"text-align: justify;\">\u201cStabilization in asset quality and improved capital are the main drivers of this rating action,\u201d Moody\u2019s said.<\/p>\n<p style=\"text-align: justify;\">Also, the rating outlook has been revised to \u2018stable\u2019 from \u2018negative\u2019 on 10 Indian infrastructure issuers, including NTPC, NHAI, PGCIL, Gail, Adani Transmission and Adani Ports and Special Economic Zone Limited (APSEZ).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Oct 6 (PTI): Moody\u2019s Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to \u2018stable\u2019 from \u2018negative\u2019. This follows the upgrade by the US-based rating agency in India\u2019s sovereign rating outlook to \u2018stable\u2019 from \u2018negative\u2019 on Tuesday. The agency had [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-173612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/173612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=173612"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/173612\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=173612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=173612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=173612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}