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Article Summary
- Fitch Ratings is preparing to downgrade Adani Group's bonds
- The downgrade is due to a bribery scandal involving the company
- Adani Group is a major Indian conglomerate with interests in energy, infrastructure, and other sectors
- The scandal has raised concerns about corruption and governance issues within the company
- The downgrade could have significant financial implications for Adani Group Tone: Concerned
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Fitch Prepares To Downgrade Adani Bonds Amid Bribery Scandal
Fitch Ratings has put some of Adani Groups bonds on watch in preparation for a potential downgrade amid a bribery scandal that shook one of Indias largest industrial conglomerates. Last week, U.S. prosecutors and the Securities and Exchange Commission launched probes into the company on allegations Gautam Adanis renewable energy arm had been giving bribes to local Indian government offici...
https://oilprice.com/Latest-Energy-News/World-News...
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