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S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges

S&P's rating outlook revisions come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India.
Rupee to hover around 52-54 per dollar mark: Macquarie Bank

After S&P's negative rating outlook yesterday, Nizam Idris of Macquarie Bank believes that its implications can be far reaching if other rating agencies also follow suit. Mulling about a possibility of a downgrade in the absence of reforms, Idris expects the rupee to hover around the Rs 52 to Rs 54 per dollar rate.

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Credit Rating Outlook

S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges

Rupee to hover around 52-54 per dollar mark: Macquarie Bank