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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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