Bank of America (BofA) Global Research has initiated coverage on the Adani Group with 'Overweight' (OW) ratings on several of its US dollar bonds, citing the conglomerate's solid fundamentals, strong asset base, and intact funding access despite regulatory scrutiny and tightening market cond
In a statement Monday, Fitch affirmed the said ratings, noting that the Adani group "has demonstrated adequate funding access" since the US indictment of certain board members of another group entity, Adani Green Energy Limited (AGEL), on 20 November 2024.