{"id":552772,"date":"2023-02-04T10:36:27","date_gmt":"2023-02-04T05:06:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552772"},"modified":"2023-02-04T11:47:29","modified_gmt":"2023-02-04T06:17:29","slug":"moodys-says-adani-stock-plunge-can-hurt-groups-ability-to-raise-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-says-adani-stock-plunge-can-hurt-groups-ability-to-raise-debt\/","title":{"rendered":"Moody\u2019s says Adani stock plunge can hurt group\u2019s ability to raise debt"},"content":{"rendered":"<p>Credit ratings agency Moody\u2019s warned on Friday that the recent sell-off in Adani group\u2019s shares after a short-seller\u2019s report could reduce the Indian conglomerate\u2019s ability to raise capital, while its peer Fitch saw no immediate impact on its ratings.<\/p>\n<p>Hindenburg Research\u2019s 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>\u201cThese adverse developments are likely to reduce the group\u2019s 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,\u201d Moody\u2019s said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit ratings agency Moody\u2019s warned on Friday that the recent sell-off in Adani group\u2019s shares after a short-seller\u2019s report could reduce the Indian conglomerate\u2019s ability to raise capital, while its peer Fitch saw no immediate impact on its ratings. Hindenburg Research\u2019s 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. \u201cThese adverse developments are likely to reduce the group\u2019s ability to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years. We recognise that [&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":[130],"tags":[],"class_list":["post-552772","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552772","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=552772"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552772\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}