S&P Global revises its outlook on three Adani entities to 'negative'

Quick Summary:

The agency said its rating on North Queensland Export Terminal Pty Ltd.(NQXT) already captures refinancing risk for maturities due in 2025.

Hence, it affirmed 'BBB-' issue rating on AICTPL and the outlook remains stable, it added.

This could further raise questions regarding the management and governance of various Adani group entities.

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Category: BusinessFinance

Markets: India

Topics: Indian capital market regulator Adani Group Adani funding costs Adani Ports Investor confidence Adani governance Adani Electricity Solar power contracts Bribery charges AGEL RG2 AICTPL Refinancing risk Supreme Court investigation Rating outlook negative North Queensland Export Terminal

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 10:31:16 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23754653

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