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Stock impact report

UPDATE 3-Moody's cuts India's outlook to 'negative', citing rising growth risks [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research 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 Show less Read more
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