JP Morgan gives ‘overweight’ rating to four Adani bonds
U.S. investment banker JP Morgan has given ‘overweight’ rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. Also read: Fitch places some Adani bonds on negative watch after U.S. bribery charges In a report, JP Morgan gave ‘overweight’ rating on…
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