Moody's cuts ratings for 4 Adani firms to negative following Hindenburg fiasco
Shortpedia
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Moody's Investor Service revised downwards the rating outlook on four Adani Group companies to 'negative' from 'stable' after a significant and rapid decline in market value following a report by Hindenburg Research. Moody's said the rating outlook for Adani Green Energy Ltd, Adani Green Energy Restricted Group, Adani Transmission Step-One Ltd and Adani Electricity Mumbai Ltd has been changed to 'negative' from 'stable'
