Moody’s rating agency has revised the outlook for four Adani Group companies—Adani Energy, Adani Green Energy Restricted Group-1, Adani Transmission Step-One Limited, and Adani Electricity Mumbai Limited (AEML)—from negative to stable. This positive shift follows concerns raised in a short-seller’s report on Adani Group’s governance practices in January 2023, impacting market values. Moody’s notes that the group has since undertaken debt transactions, contributing to increased stability. The agency also maintained a stable outlook for four other firms within the conglomerate. The upgrade signals a boost in investor confidence for the Adani Group.
Moody’s Upgrades Outlook for Adani Group, Boosting Investor Confidence
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