Ratings of Adani group entities under continuous surveillance: CRISIL

Corporate governance, decline in fundraising capability under scanner

The rating agency CRISIL, the Indian arm of Standard and Poor’s (S&P), today said that it keeps all outstanding ratings, including that of Adani group entities under continuous surveillance.

Any adverse regulatory or government action in the wake of the research report, emerging issues around corporate governance will be key monitorable, CRISIL said in a late-night statement.

Also, it would keep an eye on any decline in the group's resource-raising capabilities from banks or the capital markets due to a continuing slide in share prices.

The rating agency has taken note of the Hindenburg Research report on the Adani group published on January