S&P Global Ratings to answer questions on Adani Group in coming months

S&P Global Ratings will be answering many questions about India-based Adani Group in the coming months, the credit rating agency said on Wednesday.

In a statement issued, S&P Global said investors seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on the findings of a recently launched Supreme Court investigation.

“Like much of the market, we are waiting for more information about the Adani Group before deciding the direction of our ratings. We believe further details on governance and funding risks over the next 12-24 months would drive the ratings,” said Credit Analyst Abhishek Dangra.