Adani Group Cites Reduced Debt Load to Rebut Overleveraged View
- CreditSights termed Adani’s empire ‘deeply overleveraged’
- Data reported by Adani differs from that cited by CreditSights
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The Adani Group said its companies have reduced their debt burden, as the empire backed by Asia’s richest person sought to rebut a report saying its finances had become stretched.
Using figures that differed from those cited by CreditSights in the report last month, the Indian conglomerate said the leverage ratios of its companies “continue to be healthy and are in line with industry benchmarks.”