Fitch Ratings says 'No immediate impact on rated Adani Entities’ Credit from Hindenburg report'
Shortpedia
Content Team
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Fitch Ratings says there is no "immediate impact" on the ratings of the Adani entities and their securities following a recent report by Hindenburg Research, alleging malpractices and the rating agency expects no material changes to its forecast cash flow of the conglomerate. No near-term maturities of offshore bonds, the rating agency said, will reduce refinancing risks and near-term liquidity risks.
