Moody's shifted outlook on seven Adani Group firms to "negative" due to legal indictments against Adani.

Moody's has changed the outlook for seven Adani Group companies from "stable" to "negative" following the US indictment of chairman Gautam Adani and others on bribery charges. This change reflects concerns over the group's access to funding and potential operational disruptions due to ongoing legal proceedings. Despite the negative outlook, Moody's has reaffirmed the ratings on all seven entities.

November 26, 2024
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