Moody’s reaffirms ratings of 8 Adani firms; cuts outlook on 4
Ratings actions follow a significant decline in market equity values of Adani group companies since the release of the Hindenberg report.
Ratings actions follow a significant decline in market equity values of Adani group companies since the release of the Hindenberg report.
Elevated commodity prices will keep spending on food and fuel subsidies high for economies like India, says Moody's Investors Service.
Moody's retains its sovereign rating for India at Baa3 with a stable outlook.
This is the third cut in India's GDP growth forecast by Moody's this year.
Moody’s has assigned a Baa3 issuer rating to Bharti Airtel and changed the outlook to stable from positive, citing stabilisation of its financial profile.
The stock of the realty company has gained 125% over the past one year and traded 117% above its IPO issue price of ₹486 per share.