Moody's Investors Service

  • Banks' cyber risks rise as Covid spurs digital trends: Moody's
    LONDON, JULY 8 (IANS): Banks face a growing risk of cyber-attacks as the coronavirus crisis accelerates the shift to digital banking and remote working, Moody's Investors Service said in a report on Wednesday.   "Social distancing has created a surge in demand for contactless payments, digital cash transfers and online banking, as well as remote working by bank employees," said Alessandro Roccati, Senior Vice President at Moody's.   Banks' di
  • Bank resolution framework changes credit positive: Moody's
    NEW DELHI, JULY 2 (IANS): Amendments to India's bank resolution framework are credit positive, according to Moody's Investors Service.   The amended resolution process was credit positive as it helped preserve depositor confidence and avoid deposit flight from a weak bank as the risk of moratorium was reduced, it said in a credit outlook article.   "The amendments are also credit positive for bank's depositors and creditors because their ability t
  • Extension of loan moratorium credit negative for NBFCs: Moody's
    NEW DELHI, JUNE 1 (IANS): The Reserve Bank of India's decision to extend the moratorium on loan repayment by three more months will be credit negative for non-banking finance companies (NBFC), according to a report by Moody's Investors Service.   It said that NBFCs manage their liquidity primarily by matching outflows, mainly debt repayments, with inflows from customer loan repayments. The moratorium on customer loan repayments, initially effective from March 1, has