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Moody's Cuts Rating Outlook On 4 Adani Group Companies

Rating actions follow rapid decline in the market equity values of the companies, Moody's said.
Rating actions follow rapid decline in the market equity values of the companies, Moody's said.
Moody's Investor Service on Friday revised downwards the rating outlook on four Adani Group companies to negative from stable after a significant and rapid decline in market value following a report by US-based short seller Hindenburg Research.
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