{"id":566870,"date":"2023-03-31T09:06:45","date_gmt":"2023-03-31T03:36:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=566870"},"modified":"2023-03-31T09:38:56","modified_gmt":"2023-03-31T04:08:56","slug":"fitch-says-two-adani-entities-facing-heightened-contagion-risks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-says-two-adani-entities-facing-heightened-contagion-risks\/","title":{"rendered":"Fitch says, two Adani entities facing &#8216;heightened contagion risks&#8217;"},"content":{"rendered":"<p>(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to &#8220;heightened contagion risks&#8221;, possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group.<\/p>\n<p>Adani Transmission Ltd and Adani Ports and Special Economic Zone &#8220;would be capped at current rating level of &#8216;BBB-\/Stable&#8217; till alleged concerns are ironed out,&#8221; Fitch said in an emailed statement on Wednesday.<\/p>\n<p>Short-seller Hindenburg Research&#8217;s Jan. 24 report alleged improper use of tax havens and stock manipulation by the ports-to-energy conglomerate &#8211; charges it has denied. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to &#8220;heightened contagion risks&#8221;, possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group. Adani Transmission Ltd and Adani Ports and Special Economic Zone &#8220;would be capped at current rating level of &#8216;BBB-\/Stable&#8217; till alleged concerns are ironed out,&#8221; Fitch said in an emailed statement on Wednesday. Short-seller Hindenburg Research&#8217;s Jan. 24 report alleged improper use of tax havens and stock manipulation by the ports-to-energy conglomerate &#8211; charges it has denied.<\/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-566870","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\/566870","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=566870"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566870\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=566870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=566870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=566870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}