Moody’s On Adani Group: Global rating agency Moody’s has said that if the exposure of loans given to Adani Group of domestic banks increases, then there is a danger of increasing the risk for the banks. Moody’s said that at present, the exposure of Indian banks to the loans given to the Adani group is not very high, which will not affect their asset quality. But if Adani Group’s dependence on debt increases, it can increase the risk.
It has been said in the report that the risk of risk has increased regarding the Adani group, due to which there may be problems in taking loans from the international market. In such a situation, Indian banks can become the main source of funding for the group. In such a situation, the risk of banks may increase due to the huge loan given to the group. Moody’s has said in its report that the debt burden on the Adani group is very high.
Moody’s said that at present the loans given by banks to the Adani group is less than one per cent of their total loan book. According to Moody’s, even if the exposure increases, the quality of corporate loans of Indian banks will remain stable. In recent times, corporates have reduced debt. According to the loan books of corporates, the debt burden has come down.
In fact, since the research report released by US-based short seller Hindenburg Research regarding the Adani group, the difficulties of the group have increased. Hindenburg has accused the Adani group of influencing share prices and using tax havens. Since then, there has been a huge decline in the shares of the group. The group also had to withdraw the Rs 20,000 crore FPO of Adani Enterprises as the share price fell below the price band of the FPO.
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