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CreditSights finds 'errors' in its report on Adani companies' debt

In a report dated September 7, CreditSights said it had spoken with Adani Group's finance and other executives and reconciled some figures for Adani Transmission and Adani Power

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But CreditSights said on Thursday it still had concerns about the Adani group’s overall debt levels

2 min read Last Updated : Sep 08 2022 | 11:43 PM IST

CreditSights, part of rating agency Fitch, said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by India’s richest person, Gautam Adani, after a conversation with the management.

Debt research firm CreditSights’ report late last month calling the conglomerate “deeply overleveraged” and flagging other risks had sent shares of many Adani companies down. In a report dated September 7, CreditSights said it had spoken with Adani Group’s finance and other executives and reconciled some figures for Adani Transmission and Adani Power.

“(Adani’s) Management views that the group’s leverage is at manageable levels, and that

Topics : Adani Adani Group

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