{"id":529476,"date":"2022-10-14T09:35:21","date_gmt":"2022-10-14T04:05:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529476"},"modified":"2022-10-14T10:17:56","modified_gmt":"2022-10-14T04:47:56","slug":"sp-global-withdraws-rating-of-adani-transmission-at-firms-request","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sp-global-withdraws-rating-of-adani-transmission-at-firms-request\/","title":{"rendered":"S&amp;P Global withdraws rating of Adani Transmission at firm&#8217;s request"},"content":{"rendered":"<p>S&amp;P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company\u2019s request. <\/p>\n<p>The withdrawal of the BBB- rating follows a restructuring at the company, part of the conglomerate of Gautam Adani, Asia\u2019s richest man. The revamp didn\u2019t weaken the protection for bondholders, S&amp;P said. <\/p>\n<p>The shift comes just a few weeks after a report by CreditSights, which called the group \u201cdeeply overleveraged.\u201d The research firm later revised its label, though stuck to its main conclusion that the conglomerate, which owns India\u2019s largest private-sector port and airport operator, has too much debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company\u2019s request. The withdrawal of the BBB- rating follows a restructuring at the company, part of the conglomerate of Gautam Adani, Asia\u2019s richest man. The revamp didn\u2019t weaken the protection for bondholders, S&amp;P said. The shift comes just a few weeks after a report by CreditSights, which called the group \u201cdeeply overleveraged.\u201d The research firm later revised its label, though stuck to its main conclusion that the conglomerate, which owns India\u2019s largest private-sector port and airport operator, has too much debt.<\/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-529476","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\/529476","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=529476"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529476\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}