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Moody's upgrades 4 Adani cos
Mint Mumbai
|February 14, 2024
US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments, and a capital infusion by the group over the past year.
On Tuesday, Moody's, in a report, enhanced the ratings of four Adani firms from 'negative' to 'stable', while keeping ratings on eight other Adani Group companies unchanged as 'stable'.
Rating actions often influence the stock prices of the firms involved.
Cette histoire est tirée de l'édition February 14, 2024 de Mint Mumbai.
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