{"id":552624,"date":"2023-02-04T09:51:56","date_gmt":"2023-02-04T04:21:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552624"},"modified":"2023-02-04T10:41:19","modified_gmt":"2023-02-04T05:11:19","slug":"adani-stock-plunge-can-hurt-groups-ability-to-raise-debt-says-moody","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-stock-plunge-can-hurt-groups-ability-to-raise-debt-says-moody\/","title":{"rendered":"Adani stock plunge can hurt group&#8217;s ability to raise debt, says Moody"},"content":{"rendered":"<p>(Reuters) -Credit ratings agency Moody&#8217;s warned on Friday that the recent sell-off in Adani group&#8217;s shares after a short-seller&#8217;s report could reduce the Indian conglomerate&#8217;s ability to raise capital, while its peer Fitch saw no immediate impact on its ratings.<\/p>\n<p>Hindenburg Research&#8217;s scathing attack last week on the group has questioned its debt levels and use of tax havens, but Adani has called the report baseless and affirmed its financials are strong.<\/p>\n<p>&#8220;These adverse developments are likely to reduce the group&#8217;s ability to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years. We recognise that a portion of the capex is deferrable, and the rated entities do not have significant maturing debt until FY2025,&#8221; Moody&#8217;s said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Credit ratings agency Moody&#8217;s warned on Friday that the recent sell-off in Adani group&#8217;s shares after a short-seller&#8217;s report could reduce the Indian conglomerate&#8217;s ability to raise capital, while its peer Fitch saw no immediate impact on its ratings. Hindenburg Research&#8217;s scathing attack last week on the group has questioned its debt levels and use of tax havens, but Adani has called the report baseless and affirmed its financials are strong. &#8220;These adverse developments are likely to reduce the group&#8217;s ability to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years. We recognise [&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-552624","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\/552624","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=552624"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552624\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}