Adani Crisis Deepens: Moody's Downgrades Outlook on Seven Group Companies

The financial turbulence surrounding the Adani Group intensified as Moody’s revised the outlook for seven of its companies from "stable" to "negative." This decision stems from mounting concerns over governance, operational risks, and the conglomerate's ability to access funding efficiently.

Key points:

• Governance Woes: Allegations of fraud and bribery against Gautam Adani and the Group have amplified scrutiny.
• Capital Market Fallout: Adani Group's listed firms saw a staggering ₹2.2 lakh crore wiped out from their market valuation in a single day, one of the sharpest declines in its history.
• Operational Concerns: The allegations could lead to limited funding access and increased borrowing costs, significantly impacting the Group’s expansion and operations.

These developments follow recent downgrades by other agencies and growing global skepticism about the Group’s financial practices. The Adani Group, however, has denied the allegations, describing them as "malicious and baseless"​