Moody's changes outlook of four Adani Group companies to 'negative' zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.
Moody s downgraded the ratings outlook for some Adani Group entities on Friday - the latest blow for the Indian conglomerate since the Hindenburg report thrust it into a crisis.
Affirming its ratings on eight companies of the Adani Group, global credit rating agency Moody's Investors Service maintained its outlook on four companies as 'stable'.The credit rating agency changed its outlook to 'negative' from 'stable' in .
These rating actions follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the Group, , adani enterprises