In a show of confidence, Moody’s Investors Service on Tuesday revised the outlook on four Adani Group companies to ‘stable’, a year after revising it to ‘negative’ following a unverified report by US-based short seller, Hindenburg Research.
The global ratings agency changed the outlook to ‘stable’ on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions as the financial metrics of these companies improved significantly in the past 12 months.
