Fitch Places Adani Energy Solutions and Adani Electricity Mumbai Default Ratings on Negative Watch Due to Bribery Charges

Fitch Ratings has placed the ratings of Adani Energy Solutions Limited (AESL) and Adani Electricity Mumbai Limited (AEML) under a “Rating Watch Negative” (RWN) due to bribery charges against certain board members of Adani Green Energy Limited (AGEL). This also affects the ratings of AESL’s subsidiary, Adani Transmission Step-One Limited. These actions were taken after … Continue reading Fitch Places Adani Energy Solutions and Adani Electricity Mumbai Default Ratings on Negative Watch Due to Bribery Charges