Vedanta says its Anglo American stake buy meets India’s criteria
Vedanta, the natural resources company controlled by Anil Agarwal said its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo …
Excise duty cut in oil to impact India’s fiscal deficit adversely: Moody’s
Rating agency Moody’s has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is …
Moody’s forecast stable outlook for Asian steelmakers in 2018 on steady profitability
Outlook for steel companies in Asia through 2018 is stable because profitability will be steady during this period, after improving significantly in 2017, …
Moody’s changes outlook on Tata Steel and Tata Steel UK Holdings to stable from negative
Moody’s Investors Service said it had changed the ratings outlook on Tata Steel Ltd. and Tata Steel UK Holdings Limited (TSUKH) to stable from negative. …
ONGC’s acquisition of HPCL will increase Indian energy major’s leverage to upper limit of its rating – Moody’s
Oil and Natural Gas Corporation Ltd.’s (ONGC) planned acquisition of a majority stake in Hindustan Petroleum Corporation Ltd. (HPCL) will cause the …
External pressures constrain Sri Lanka’s credit profile, says Moody’s
Sri Lanka’s significant borrowing requirements and heavy reliance on external and foreign-currency funding exposes the country to material liquidity and …
Outlook for Asian oil refining & marketing sector is stable on steady earnings growth – Moody’s
The outlook for the Asian oil refining and marketing (R&M) sector is stable, with the EBITDA of rated companies growing a modest 5% through 2018, Moody’s …
S&P lowers China’s credit rating, citing rising financial risks and debt; Beijing hits back, calls it “wrong decision”
Ratings agency Standard and Poor’s (S&P) lowered China’s sovereign credit rating due to risks associated with its increasing debt, but said its …
India’s oil majors to raise borrowings to cover dividends and capex: Moody’s
India’s three major state-held oil refining and marketing firms—Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum …
Are Tanzania’s and South Africa’s mining sector headed for a collapse?
Both Tanazania and South Africa’s mining sectors seem to be heading into a crisis zone. Mining in Tanzania has been in chaos over the past few months after …