"moodys-investors-service"

In April, Moody's downgraded its outlook on Israel from "positive" to "stable", and did not change Israel's credit rating in its latest report.

Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.

Lower domestic demand in end-user industries will also reduce capacity utilization for heavy industries like steel, cement, and metals and mining.

On April 27, 2021, the Indian rupee closed around 74.66 against the US dollar, or about 3 per cent lower than levels in mid-March.

Flags 'substantial' impact of broader lockdowns on the economy

Moody's had bettered India's growth projection for the current fiscal year, which began on April 1, to 13.7 percent as economic activity gathered pace.

The virus has disrupted the global economy and triggered a credit downturn accompanied by a spike in bond defaults, Moody's said.

The notes are expected to be rated Baa3 by Moody's Investors Service, BBB-minus Standard & Poor and BBB-minus by Fitch Ratings.

According to Moody's, Axis Capital's ratings reflect its diversified mix of specialty insurance and re-insurance business.

The report also said that the US policy towards China is unlikely to change dramatically in the early stages of the Biden administration.

Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging

Latest stimulus prioritises manufacturing and job creation, and shifts focus to longer-term growth, it says