Moody's Investor Service terms centre's decision to cut corporate tax rate as credit positive move

Moody's Investors Service today termed the central government's decision to cut corporate tax rate as a credit positive move. The rating agency said that the tax cut would give a boost to net income of Indian firms.  Speaking to media, Senior Vice President of the Moody's Investors Service Vikas Halan said, that eventual impact of the corporate tax cut on credit profiles of Indian corporates will hinge on whether they utilise the surplus earnings for reinvestment in th...