S&P lowers outlook on three Adani units after US indictment of founder
- Posted on November 22, 2024
- By Business News Today
- 2 Views
S&P lowers outlook on three Adani units after US indictment of founder
S&P Global Ratings has downgraded the outlook for three Adani Group entities to negative following a U.S. indictment of founder Gautam Adani on bribery charges. The ratings agency cited concerns about potential funding risks and impaired investor confidence due to the allegations, which Adani Group denies.
