Gautam Adani indictment: Moody’s says bribery charges credit negative for Adani group companies

Quick Summary:

Gautam Adani and seven others, including his nephew, were indicted in the US on bribery charges.

Moody's stated that the indictment negatively impacts the credit status of Adani Group companies.

According to LSEG data, Adani Port and Special Economic Zone bonds due in August 2027 decreased by over five cents per dollar.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAustraliaMali

Topics: Adani group Business news Adani group stocks Moody's Ratings Adani Group Gautam Adani indictment Gaudam Adani

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 14:08:19 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 871 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23731167

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