Moody's revises outlook on seven Adani group entities to 'negative'

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Moody's revises outlook on seven Adani group entities to 'negative' - Business Standard

Quick Summary:

However, they remain exposed to potential governance weaknesses and risks that could arise from any negative findings in the ongoing legal proceedings, Moody’s added.

The project finance entities of the group, including AGEL RG-1, AGEL RG-2, AESL RG1, and AICTPL, are not exposed to refinancing risk and do not require any substantial capital investment.

The rating agency said the change in outlook was likely to weaken the Adani group’s access to funding and increase capital costs.