Weeks after it revised the rating outlook of two companies of the embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate’s governance and funding for any ratings action.
Investors, it said, 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.
S&P Global published an FAQ-style commentary titled, “Adani Group: The Known Unknowns”.
