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Gautam Adani's bribery charges credit negative for group: Moody's
short by Debaroti Adhikary / on 21 Nov 2024,Thursday
Moody's Ratings termed bribery charges against Gautam Adani a "credit negative" for the conglomerate's companies. "Our main focus when assessing Adani Group is on the ability of the group's companies to access capital to meet their liquidity requirements and on its governance practices," it said. Adani allegedly participated in scheme promising $250-million bribe to Indian government officials.
short by Debaroti Adhikary / 12:44 pm on 21 Nov
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