Adani Group could find funding harder after US indictment as banks review credit
Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters.
Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers.
«We believe domestic, as well as some international banks and bond market investors, look at Adani entities as a group, and could set group limits on their exposure,» it said.
However, S&P added that the rated entities have «no immediate and lumpy» debt maturities.
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