US-based rating agencies Moody’s and Fitch on Tuesday lowered their outlook for bonds of Adani group companies to negative from stable, following the bribery charges and indictment of certain board members of Adani Green Energy Ltd, including group chairman Gautam Adani, by the US Securities and Exchange Commission, and Department of Justice. Despite the group's assertions about its financial health, …
Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group. Adani Transmission Ltd and Adani Ports and Special Economic Zone "would be capped at current rating level of 'BBB-/Stable' till alleged concerns are ironed out," Fitch said …
A vaccine against COVID-19 can cover priority groups in India by June next year if inoculation is quickly ramped up to roughly the same level as the 1 million coronavirus tests conducted each day in the country, Fitch Solutions said on Monday. "India's role in the global COVID-19 vaccine rollout will be significant both as a recipient of the medicine …
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