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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fuck moodys just another bunch of WS criminals

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adani group firms pledge shares for lenders of flagship company – SBICAP TrusteeThree Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises , which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met CowdenBNB and started Bitcoin trading, I earned R350,000 in 3 weeks thanks CowdenBNB I would be surprised to know what is the views of the creditors involved knowing that the collapse is inevitable and what will happen to them. People should learn from the Steinhof saga in South Africa. No different
Source: Reuters - 🏆 2. / 97 Read more »

Indian regulators aware of concerns on Adani issue, finance minister saysIndian regulators are aware of concerns regarding the Adani Group conglomerate, the finance minister said on Saturday, responding to comments by the Supreme Court regarding the need for investor protection. AlboMP stop selling Australia to foreigners SBS abcnews adani modi state captured. bjp abuse minorities NikkiHaley, is she one of your relatives?
Source: Reuters - 🏆 2. / 97 Read more »

Airline group warns FAA over 5G retrofitting plan, says rules could cost industry $637MThe world's largest airline trade group warned the FAA this week its proposed requirement for upgrading planes for 5G will cost some $637 million, and many carriers won't be ready.
Source: FoxBusiness - 🏆 458. / 53 Read more »