India criticised Moody's ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the US-based agency declined to budge citing concerns over the country's debt levels and fragile banks. Winning a better credit rating on India's sovereign debt would have been a much-needed endorsement of Prime Minister Narendra Modi's economic stewardship, helping to attract foreign investment and accelerate growth. Since storming to power in 2014, Modi has unveiled measures to boost investment,…
ROME: Matteo Renzi bowed out as Italian prime minister with a combination of jokes, regrets and a strong hint that he wants to lead his party into an early election battle. Political consultations on forming a caretaker government were set to begin Thursday at 6 pm, after Renzi formally submitted his resignation to President Sergio Mattarella following a crushing referendum defeat. Before handing back the keys to his Palazzo Chigi residence, the 41-year-old chaired a meeting of the executive of his Democratic Party…
LONDON: Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.
Moody's Investors Service has changed the outlook for the Pakistan banking system to stable from negative, reflecting the improvement in the country's economic growth prospects, driven in turn by the government's commitment to economic reforms under its IMF programme, a statement issued by the service said.
ISLAMABAD: World rating agency Moody's said that Pakistan will become the most appropriate country for investment after complete elimination of terrorism, ARY News reported.
ISLAMABAD: Moody's Investors Service on Wednesday revised its outlook on the B2 corporate family rating of Pakistan Mobile Communications Limited (Mobilink) from negative to stable, ARY News has learnt.