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Fitch assigns negative outlook to India's Adani Energy on US probe risks

Reuters
Summary
Nutrition label

83% Informative

Fitch Ratings has assigned a negative outlook to Indian energy infrastructure company Adani Energy Solutions Limited .

The action comes months after U.S. authorities accused billionaire Gautam Adani and top Adani Group executives of paying $265 million in bribes for Indian power contracts.

Fitch removed the company from its 'rating watch negative' list saying risks related to its liquidity and funding had moderated.

VR Score

93

Informative language

99

Neutral language

80

Article tone

formal

Language

English

Language complexity

82

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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