POSCO's venture with Adani seen as risk to credit rating

S&P Global Ratings warned Wednesday that POSCO may face risks in its credit rating, if the steelmaker continues to push ahead with business cooperation with India's Adani Group. The Indian conglomerate was hit hard recently by U.S. short-seller Hindenburg Research's claim that it has been involved in widespread corporate malfeasance, including market manipulation and accounting fraud.

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