Fitch places some Adani bonds on negative watch after US bribery charges By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
0mins
Source: Investing.com
Fitch Ratings Downgrade: Fitch has placed several Adani Group bonds on "watch negative" following the indictment of key executives on bribery charges, leading to a downgrade of four subsidiary dollar bonds from stable to negative.
TotalEnergies Halts Investment: TotalEnergies announced it would stop financial contributions to its Adani Group investments amid the ongoing U.S. investigation into alleged bribery involving billionaire Gautam Adani and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
