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Adani Bonds Face Fitch Downgrade Amid Sri Lanka Turmoil
(MENAFN- The Arabian Post) Fitch Ratings has placed certain bonds issued by Adani entities under a“negative watch” as scrutiny of the group's governance intensifies following allegations of corruption tied to Sri Lankan projects. This development comes amid renewed focus on a contentious $442 million wind power project in Sri Lanka's Mannar region, which has sparked concerns over environmental compliance and procedural irregularities. The Sri Lankan government had reportedly flagged potential [...]">
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