S&P cuts credit outlook of some Adani group firms4 min read . Updated: 04 Feb 2023, 12:20 AM IST
- S&P said in a statement that there is a risk that investor concerns about the group’s governance and disclosures are larger than what it has currently factored into ratings
The outlooks on some Adani group companies were downgraded to negative by S&P Global Ratings on Friday evening, even as two other rating companies maintained their credit risk assessments during the day, easing the sell-off in group companies after a seven-day rout that saw the group’s market value nearly halve.
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