{"id":552609,"date":"2023-02-04T09:40:19","date_gmt":"2023-02-04T04:10:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552609"},"modified":"2023-02-04T11:20:43","modified_gmt":"2023-02-04T05:50:43","slug":"sp-global-ratings-revises-outlook-on-adani-ports-electricity-to-negative-sp-global-ratings-on-friday-revised-outlook-on-adani-ports-and-adani-electricity-to-negative-from-stable-while-affi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sp-global-ratings-revises-outlook-on-adani-ports-electricity-to-negative-sp-global-ratings-on-friday-revised-outlook-on-adani-ports-and-adani-electricity-to-negative-from-stable-while-affi\/","title":{"rendered":"S&amp;P Global Ratings revises outlook on Adani Ports, Electricity to negative"},"content":{"rendered":"<p>S&amp;P Global Ratings on Friday revised outlook on Adani Ports and Adani Electricity to negative from stable while affirming the rating.<\/p>\n<p>A US short-seller report alleging significant governance issues for the Adani Group, many of which relate to disclosures and actions at the shareholder level, has triggered a sharp fall in Adani Group entities&#8217; equity and bond prices.<\/p>\n<p>The company has responded to the allegations and also decided to return funds from a fully subscribed USD 2.4-billion offer of shares in the promoters&#8217; flagship company Adani Enterprises Ltd due to market volatility.<\/p>\n<p>&#8220;There is a risk that investor concerns about the group&#8217;s governance and disclosures are larger than we have currently factored into our ratings,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings on Friday revised outlook on Adani Ports and Adani Electricity to negative from stable while affirming the rating. A US short-seller report alleging significant governance issues for the Adani Group, many of which relate to disclosures and actions at the shareholder level, has triggered a sharp fall in Adani Group entities&#8217; equity and bond prices. The company has responded to the allegations and also decided to return funds from a fully subscribed USD 2.4-billion offer of shares in the promoters&#8217; flagship company Adani Enterprises Ltd due to market volatility. &#8220;There is a risk that investor concerns about [&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-552609","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\/552609","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=552609"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552609\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}