[ad_1] Chennai: Global credit rating agency Moody’s Investors Service on Friday said that 2022 saw a spike in the annual sovereign bond defaults with seven countries defaulting on repayments. In 2023, there were two sovereign defaults – Argentina and Mozambique. In a report, Moody’s said the year 2022 saw the highest number of defaults since … Read more
[ad_1] Islamabad: Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani banks to Caa3 from Caa1, The Express Tribune reported. The ratings of Moody’s Investors Service suggest that the ongoing economic crisis in Pakistan is likely to have an adverse trickle-down impact on banks. The inflation readings are at a historical high … Read more
[ad_1] Chennai: Global credit rating agency Moody’s Investors Service on Wednesday raised India’s economic growth projections as well as several economies like the US, Russia, Euro area, China and others. In all cases, strong data in the second half of 2022 created large carry-over effects for 2023, Moody’s said. It has projected India’s growth at … Read more
[ad_1] **EDS: SCREENSHOT FROM A VIDEO VIA Adani Enterprises Ltd, Thursday, Feb.2, 2023** New Delhi: Industrialist Gautam Adani addresses investors from an unknown location. Adani called off his flagship company’s ? 20,000-crore follow-on share sale late Wednesday considering considering market volatility after claims of fraud from a U.S.-based short-selling firm. (PTI Photo) (PTI02_02_2023_000029B) New Delhi: … Read more