💨 Abstract

Fitch Ratings has given a negative outlook to Adani Energy Solutions Limited, an Indian energy infrastructure company, due to concerns about corporate governance and risks from ongoing U.S. investigations. The investigations, which involve accusations of bribery and misleading U.S. investors, could lead to a downgrade of the company's rating if they result in regulatory penalties, restrictions, or loss of market confidence.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖