With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …
Mumbai: Fitch Ratings has said that Adani Transmission and Adani Ports and Special Economic Zone are vulnerable to “higher contagion risks” due to governance weakness at sponsor level and other Adani group entities. As of the end of December 2022, most of the senior debt at the Adani group's rated Indian entities was offshore and largely secured, with US dollar …
