scorecardresearchAdani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

Updated: 23 Aug 2022, 01:18 PM IST
TL;DR.
Conducting a fundamental analysis of Gautam Adani's large Indian conglomerate, rating agency CreditSights dubbed it 'deeply overleveraged'. The Fitch group subsidiary, in the report, said that the group is investing aggressively across existing as well as new businesses, predominantly funded with debt.
Conducting a fundamental analysis of Gautam Adani's large Indian conglomerate, rating agency CreditSights dubbed it 'deeply overleveraged'. The Fitch group subsidiary, in the report, said that the group is investing aggressively across existing as well as new businesses, predominantly funded with debt.

Conducting a fundamental analysis of Gautam Adani's large Indian conglomerate, rating agency CreditSights dubbed it 'deeply overleveraged'. The Fitch group subsidiary, in the report, said that the group is investing aggressively across existing as well as new businesses, predominantly funded with debt.