Sustainalytics downgrades three Adani companies' governance scores

Other ESG ratings firms and index providers have revisited Adani in recent weeks. S&P said last week it would remove Adani companies from its Dow Jones Sustainability Indexes.

Among its downgrades this month, Sustainalytics assigned Adani Green Energy a "moderate" business ethics controversy score, citing the accounting issues, where no score was placed previously. Adani Total Gas Ltd and Adani Transmission Ltd also were judged to have a "moderate" business ethics controversy score, worse than previous "low" scores.

"The increasing financial and reputational risks stemming from the report by Hindenburg Research, as well as previous investigations and inquiries into the company’s activities, contribute to the negative outlook," Sustainalytics' report stated.

مصر أحدث الأخبار, مصر عناوين

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Adani group shares rally after $113 billion market wipeoutAdani group shares surged on Tuesday, a day after it moved to prepay some loans, in a relief rally for the Indian conglomerate that lost more than $113 billion in market value in two weeks since a U.S. short-seller's critical report was published. 😃
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Adani vs Hindenburg: India market crisis is a political issue for ModiIndia's stock market crisis isn't just the Adani Group's problem - it's a political issue for Prime Minister Modi too If you duffers think that writing such articles you will influence public mood, then go and suck your paymasters.
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