Moody’s slashes rating outlook on seven Adani companies from stable to negative amid US bribery scandal | Stock Market News
Global ratings agency Moody’s said on Tuesday that it had cut the outlook on the ratings of seven Adani entities to ‘negative’ from ‘stable,’ citing the U.S. indictment of Chairman Gautam Adani and others on alleged bribery charges, which could likely weaken the group’s access to funding and increase its capital costs.
