No immediate impact from Hindenburg on Adani firms’ credit profiles: Fitch
Global credit rating outfit Fitch Ratings says there is no immediate impact on the ratings it has assigned to Adani entities and their securities following a “short-seller report” alleging malpractices at the group. No material changes are expected to its forecast cash flow.
There are also no major near-term offshore bond maturities. The earliest maturity is in June 2024 for Adani Ports and Special Economic Zone Ltd. This will be followed by the maturity of instruments in December 2024 for Adani Green Energy Limited Restricted Group 1. Then there are maturities in 2026 and beyond for all other entities, reducing refinancing risks and near-term liquidity risks.
