By Scott Murdoch and Tom Westbrook (Reuters) -Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after U.S. authorities indicted some key executives of the Indian conglomerate on bribery charges. Adani Energy Solutions Ltd, Adani Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds…
Just last week, prominent music industry analyst William Packer of BNP Paribas Exane upgraded Universal Music Group‘s stock for the second time in a year. In a vote of confidence in UMG’s future value, Packer lifted his stock rating from “neutral” to “outperform”. That news came just a few days after we reported the confidence expressed…
The Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a report released on Monday. Fitch recalled that the Nigerian National Petroleum Company Limited had earlier planned to acquire a 20 per cent stake in the refinery. However, the rating…
