Adani’s debt metrics show improvement, says CreditSights analyst
The analyst who kicked off scrutiny of Adani Group’s finances nearly a year ago by terming the conglomerate “deeply overleveraged” has upgraded his view, saying some of the Indian billionaire’s firms now have better metrics.
Adani Enterprises Ltd., Adani Power Ltd. and Adani Ports & Special Economic Zone Ltd. have moderate leverage, Lakshmanan R, senior research analyst at CreditSights, told Bloomberg in an email. For Adani Green Energy Ltd. and Adani Transmission Ltd. leverage is still high, he said.
