There’s this old saw about ratings companies – amplified by Dr Mahathir Mohamad during the Asian financial crisis after Malaysia’s sovereign ratings were cut under his watch – that their standards are poor, in addition to being moody. Read more at straitstimes.com.
The Adani Group is a portfolio of businesses with strong fundamentals and robust assets. Over the years, it has consistently reported excellent financial and operational performance.Senior leaders and captains of the industry have come forward .
If MSCI Inc reflects a significant downgrade in the ESG ratings of any of the Adani companies, they could be removed from ESG indexes and trigger another fresh round of selling
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Fitch Ratings said that the controversy over the short-seller report has no immediate impact on the ratings of Fitch-rated Adani entities and their securities