Moody

November 19, 2024 12:32 PM

Moody’s downgrades Bangladesh’s outlook to negative

The Moody's Ratings on Monday downgraded its outlook on the Bangladesh economy to negative from stable owing to heightened political risks and lower growth forecasts following the recent political and social unrest that led to a change in government. It cut Bangladesh's ratings from B1 to B2 considering increased government liquidity risks, external vulnerabilities and banking sector risks. Moody's also lowered Bangladesh's growth projections to 4.5% from 6.3% for Fiscal Year 2025 and to 5.8% f...

Moody’s expects India to grow 6.6% in 2024-25 fiscal

The Indian economy is expected to grow at 6.6 per cent in the current financial year 2024-25, fuelled by strong credit demand that will support the NBFC sector's profitability, Moody's Ratings said. The rating agency's 2024-25 GDP growth estimates are, however, lower than the projections made by the RBI. The RBI, in its latest monetary policy review meeting, projected Indian economy to grow at 7 per cent in 024-25. The global rating agency for the next financial year 2025-26 pegged India's gro...