Rating agencies cut outlook on Adani cos
Hindustan Times|November 27, 2024
MUMBAI: US-based rating agencies Moody's and Fitch on Tuesday lowered their outlook for bonds of Adani group companies to negative from stable, following the bribery charges and indictment of certain board members of Adani Green Energy Ltd (AGEL), including group chairman Gautam Adani, by US Securities and Exchange Commission, and Department of Justice.
Gopika Gopakumar
Rating agencies cut outlook on Adani cos

Last week, S&P cut the credit outlook on five Adani companies, including Adani Ports and Special Economic Zone Ltd (APSEZ), to negative, following the indictment by the US authorities.

The adverse rating action could hurt the conglomerate's ability to raise fresh funding, and also increase its cost of capital.

Adani stocks fell sharply after the rating actions, with Adani Green Energy, which is at the centre of the alleged $250 million scheme to bribe Indian state government officials to secure power supply contracts, declining the most, by 7.3%, on Tuesday. The Adani Group has strongly denied the US allegations, calling them "baseless" and reaffirming its commitment to maintaining the highest standards of governance and compliance.

この記事は Hindustan Times の November 27, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Hindustan Times の November 27, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

HINDUSTAN TIMESのその他の記事すべて表示
'It's scary that the air we are breathing is toxic'
Hindustan Times

'It's scary that the air we are breathing is toxic'

Actor Shriya Pilgaonkar, a goodwill ambassador for the All Living Things Environmental Film Festival (ALT EFF), was in for a shock as she returned recently from New Zealand amid the air pollution crisis in the Capital.

time-read
1 min  |
November 27, 2024
Alia faced hatred for not looking South Indian in 2 States, says Arjun
Hindustan Times

Alia faced hatred for not looking South Indian in 2 States, says Arjun

Actor Arjun Kapoor has shared that his 2 States (2014) co-star Alia Bhatt faced a lot of hatred for being cast in the romantic comedy drama.

time-read
1 min  |
November 27, 2024
Hindustan Times

He introduced me to Indian cinema: Hugo Weaving on Satyajit Ray and his films

British actor Hugo Weaving, best known for portraying Elrond in The Lord of the Rings and Agent Smith in the Matrix franchise, opened up about his admiration for director Satyajit Ray's works and Indian cinema, saying, \"I actually remember seeing his (Ray's) films when I was 16. I absolutely loved them. The Apu Trilogy profoundly moved me, and The Chess Players (Shatranj Ke Khilari), along with several of his other works.\" The Matrix star added, \"He (Ray) truly introduced me to Indian cinema.\"

time-read
1 min  |
November 27, 2024
I GOT TO TRULY LIVE LIFE: KRYSTLE DSOUZA ON HER TIME AWAY FROM SCREEN
Hindustan Times

I GOT TO TRULY LIVE LIFE: KRYSTLE DSOUZA ON HER TIME AWAY FROM SCREEN

Actor Krystle Dsouza opens up about her three-year hiatus, the struggles of waiting for meaningful work and finding joy in the unexpected

time-read
1 min  |
November 27, 2024
Gukesh shows restraint and defensive skills to hold Ding
Hindustan Times

Gukesh shows restraint and defensive skills to hold Ding

BENGALURU: After the fireworks of Game 1, it was a slow, manoeuvring 23-move draw by repetition in the second game of the World Chess Championship between Ding Liren and D Gukesh in Singapore on Tuesday.

time-read
3 分  |
November 27, 2024
Hindustan Times

AR RAHMAN IS JUST LIKE A FATHER TO ME: MOHINI DEY

Taking to social media, bassist Mohini Dey has refuted the \"baseless claims\" about her alleged role in AR Rahman's separation from his wife, Saira Banu

time-read
1 min  |
November 27, 2024
Hindustan Times

Gukesh shows restraint and defensive skills to hold Ding

After the fireworks of Game 1, it was a slow, manoeuvring 23-move draw by repetition in the second game of the World Chess Championship between Ding Liren and D Gukesh in Singapore on Tuesday.

time-read
3 分  |
November 27, 2024
Spurs goalkeeper played an hour versus City with a fractured ankle
Hindustan Times

Spurs goalkeeper played an hour versus City with a fractured ankle

Tottenham goalkeeper Guglielmo Vicario says he played for an hour against Manchester City with a fractured right ankle that has since required surgery.

time-read
1 min  |
November 27, 2024
NADA slaps four-year ban on Bajrang for doping violation
Hindustan Times

NADA slaps four-year ban on Bajrang for doping violation

NEW DELHI: The National Anti-Doping Agency on Tuesday suspended Bajrang Punia for four years for his refusal to provide his sample for a dope test on March 10 during selection trials for the national team.

time-read
2 分  |
November 27, 2024
GAMBHIR FLIES HOME, TO BE BACK IN AUS BEFORE 2ND TEST
Hindustan Times

GAMBHIR FLIES HOME, TO BE BACK IN AUS BEFORE 2ND TEST

PERTH: India cricket team coach Gautam Gambhir will fly back home from Australia on Tuesday because of a family emergency.

time-read
1 min  |
November 27, 2024