UPDATE 3-Moody's cuts India's outlook to 'negative', citing rising growth risks [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Moody's cuts India's outlook to 'negative', citing rising growth risks - Reuters 3 Min Read BENGALURU (Reuters) - Moody’s Investors Service cut India’s ratings outlook to “negative” from “stable”, citing increasing risks that Asia’s third largest economy will grow at a slower pace than in the past, sending stock markets nearly 1% lower at Friday’s close. The cut in outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which has led to an increase in debt burden, Moody's said. ( bit.ly/2NopI10 ) The ratings agency also cut its outlook for 21 Indian companies, including State Bank of India ( SBI.NS ), Indian Oil Corporation Ltd ( IOC.NS ), Infosys Ltd ( INFY.NS ) and NTPC Ltd ( NTPC.NS ) to “negative” from “stable”. However, Moody’s retained the country’s foreign and local currency ratings at ‘Baa2’. India’s economy grew 5% year-on-year between April and June, its weakest pace since 2013, which had prompted a slew of interest rate cuts b
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Earnings
- 1/12/24 - Beat
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Sec Filings
- 2/22/24 - Form 6-K
- 1/22/24 - Form 6-K
- 1/17/24 - Form 6-K
- INFY's page on the SEC website