Tag: Banks
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Moody’s downgrades Indian companies and banks to ‘negative’
11 banks and 11 corporates in India have received downgraded ratings by global credit ratings agency Moody’s Investors Services. This was done a day after Moody’s downgraded India’s sovereign ratings from Baa2 to Baa3 on June 1, with outlook being retained as negative. The 11 banks that have been downgraded include long term and foreign ...