S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges

S&P's rating outlook revisions come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India.

November 26, 2024 / 17:47 IST

S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges

S&P's rating outlook revisions come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India.

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S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges

S&P's rating outlook revisions come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India.

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