Ratings agency Fitch says two Adani entities face contagion risks

Ratings agency Fitch says two Adani entities face contagion risks

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

Ratings agency Fitch said two Adani Group subsidiaries were exposed to “heightened contagion risks”, possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group.

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