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Fitch places some Adani bonds on negative watch after US bribery charges

The Straits Times LogoThe Straits Times3h ago

Fitch places some Adani bonds on negative watch after US bribery charges - The Straits Times

Quick Summary:

Adani dollar bonds steadied on Nov 26 and prices rose slightly after three days of heavy falls.

French oil major TotalEnergies said on Nov 25 it would halt financial contributions to its Adani Group investments following last week’s indictment.

Fitch said it would monitor the US investigation for any impact on Adani’s financial position, “particularly any material deterioration in near- to medium-term funding access, including their ability to roll over existing credit lines or access new facilities, as well as potentially higher credit spreads”.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 10:52:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23868596

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About The Straits Times

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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