Moody's said that Vedanta Resources, the parent of Indian miner Vedanta, will face material liquidity issues over the upcoming 24 months and warned that the "default risk" remains high.
The central bank last week put a temporary halt on payments and on Wednesday said it had barred coupon payments for foreign investors holding rouble-denominated sovereign debt.
Thursday, 22 Apr 2021 06:20 AM MYT
According to a report by the US ratings agency Moody s, Around 10-30 per cent of business travel could be replaced by alternatives such as virtual meetings. ETX Studio pic
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PARIS, April 22 Will taking the plane for a business trip soon become a thing of the past? The need for business flights, which are increasingly criticised for their negative environmental impact, is now being re-evaluated. At the same time the advent of widespread video-conferencing during the health crisis has led to the adoption of new habits. It appears that many business travellers are more than willing to give up flying.
Thursday, 28 Jan 2021 07:38 PM MYT
According to Moody’s, Malaysia s debt burden is among the highest compared to similarly rated peers, while its debt affordability is among the weakest, with interest payments accounting for around 12-14 per cent of revenue over 2021-2023. Picture by Choo Choy May
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KUALA LUMPUR, Jan 28 ― Moody s expects Malaysia’s fiscal deficit to narrow to around 5.5 per cent of gross domestic product (GDP) in 2021 from 6.0 per cent in 2020.
Moody’s said given the government s expressed objective to provide ongoing support to the economy as it recovers from the shock, any hurdle to the recovery, for example, a more severe economic impact from the reinstated movement control order (MCO 2.0) than currently assumed, may potentially be addressed through additional economic stimulus.
KUALA LUMPUR, Jan 28 ― Moody's Investors Service expects Malaysia’s real gross domestic product (GDP) growth to rebound by six per cent in 2021 following a sharp contraction last year. “This is in part driven by base effects, although the government's fiscal package, including ongoing support.