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Moody's cuts outlook on 7 Adani firms to '-ve' amid bribery case
short by Mansi Agarwal / on Tuesday, 26 November, 2024
Moody's has downgraded its outlook on seven Adani Group firms from 'stable' to 'negative'. Adani Ports and two limited restricted groups of Adani Green Energy are among those whose ratings have been cut. The brokerage said US indictment of Chairman Gautam Adani for alleged bribery and fraud could weaken the group's access to funding, increase capital costs and disrupt operations.
read more at Moneycontrol