Fitch revises outlook on four Adani group firms from stable to 'negative'
The Statesman|November 27, 2024
After the indictment by the US Securities and Exchange Commission (SEC), the rating agency Fitch has revised the outlook on four Adani group firms from "stable" to "negative".
Fitch revises outlook on four Adani group firms from stable to 'negative'

It has also placed three other entities under Rating Watch Negative (RWN) status following the indictment of certain board members of Adani Green Energy Limited (AGEL) by the US on bribery charges.

These entities are Adani International Container Terminal Private Ltd (AICTPL), Adani Green Energy Limited Restricted Group 1 (AGEL RG1), Adani Green Energy Limited Restricted Group 2 (AGEL RG2) and Adani Energy Solutions Ltd Restricted Group 3 (AESL RG3).

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