{"id":516321,"date":"2022-08-24T09:35:58","date_gmt":"2022-08-24T04:05:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516321"},"modified":"2022-08-24T09:46:53","modified_gmt":"2022-08-24T04:16:53","slug":"adanis-ports-to-power-conglomerate-deeply-overleveraged-creditsights","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-ports-to-power-conglomerate-deeply-overleveraged-creditsights\/","title":{"rendered":"Adani&#8217;s ports-to-power conglomerate &#8216;deeply overleveraged&#8217;: CreditSights"},"content":{"rendered":"<p>Billionaire Gautam Adani\u2019s ports-to-powerconglomerate is \u201cdeeplyoverleveraged,\u201d with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report. The aggressive expansion pursued by Adani Group, led by Asia\u2019s richest person, has put pressure on its credit metrics and cash flow, CreditSights said in the report Tuesday, adding that \u201cin the worst-case scenario\u201d it may spiral into a debt trap and possibly a default. <\/p>\n<p>\u201cWe see little evidence of promoter equity capital injections into the group companies, which we feel is needed to reduce leverage in their stretched balance sheets,\u201d the agency said, referring to fund infusions from the Adani Group\u2019s founders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani\u2019s ports-to-powerconglomerate is \u201cdeeplyoverleveraged,\u201d with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report. The aggressive expansion pursued by Adani Group, led by Asia\u2019s richest person, has put pressure on its credit metrics and cash flow, CreditSights said in the report Tuesday, adding that \u201cin the worst-case scenario\u201d it may spiral into a debt trap and possibly a default. \u201cWe see little evidence of promoter equity capital injections into the group companies, which we feel is needed to reduce leverage in their stretched [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-516321","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516321"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516321\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}