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Moody's cuts outlook for four Adani group companies, cites rapid declines in market value

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Moody's lowered its outlook for four Adani Group companies, citing a 'significant and rapid decline' in the market values of the entities.

"The negative outlook also factors in the company's significant refinancing needs of around $2.7 billion in fiscal year ending March 2025 and limited headroom in its credit metrics to manage any material increase in funding costs," it said.Meanwhile, Moody's maintained its stable outlook for four other Adani group companies, including

and Adani International Container Terminal. Adani Green Energy Restricted Group and Adani Transmission Restricted Group were also on the list.of Adani Enterprises, the conglomerate's flagship company, and three other Adani group companies.Adani Enterprises is scheduled to report its third-quarter earnings on Tuesday.

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Fuck moodys just another bunch of WS criminals

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