S&P Cuts Outlook On Adani Group Firms: What Next For Adani Group?: Hetal Dalal Exclusive
Rating company S&P cut rating outlook on two Adani Group companies - Adani Ports and Adani Electricity - to negative from stable as their access to funding could get tighter following Hindenburg Research's allegations of corporate mis-governance. "There is a risk that investor concerns about the group's governance and disclosures are larger than we have currently factored into our ratings, or that new investigations and negative market sentiment may lead to increased cost of capital and reduce funding access for rated entities," S&P said in a statement.In an exclusive conversation with CNBC-TV18, Hetal Dalal, President & COO, Institutional Investor Advisory Services (IiAS), speaks on the Adani Group crisis. Listen in. #adaniports #adanielectricity #adanigroupcrisis #adanivshindenburg #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettodayAbout CNBC-TV18:
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