New Delhi: (Delhi) After the report of the American research firm Hindenburg, the Adani Group has received a huge shock. Adani’s share price continues to fall. On January 24, Hindenburg gave his report on the Adani group, after which there has been continuous fighting. Amidst the setbacks for Adani, there is a piece of relief. Good news has come from abroad. Global rating agency S&P has removed Adani Green from monitoring, giving relief to Adani Group. Adani Green has not only been removed from monitoring, but has also retained its BB+ rating.
- Amidst the setbacks for Adani, there is a piece of relief
- Global rating agency S&P has removed Adani Green from monitoring
- Adani Green has three operating units Wardha Solar, Koingal Solar and Adani Renewables.
US credit rating agency S&P has maintained BB+ rating on Adani Green Energy. Investors’ confidence will increase after the news of this relief. The rating agency had placed Adani Green Energy under criteria review in December 2022. The agency has now removed him from the list. He said the review of Adani Green has been completed. He said that the debts of Adani Green Energy Limited RG2 are fully secured.
According to the rating agency, Adani Green has three operating units Wardha Solar, Koingal Solar and Adani Renewables. Units of Adani Green are co-issuers and co-guarantors of $362.5 million senior secured fixed rate 20-year bonds. The report is nothing short of life-saving for this company which is facing continuous decline. The confidence of Adani’s investors will be restored.