Shares of group comp.es fell on Thursday after bribery allegations were leveled on Ad. Group, but in the next two days Mishra joined a total of 11 listed comp.es of the group. However, major credit rating agencies Moody’s and Fitch subsequently downgraded the ratings of some of the group comp.es from stable to negative.
After allegations of bribery against Ad. Group in America, Moody’s today downgraded the ratings of seven comp.es of Ad. Group. Moody’s said it has downgraded the ratings of seven Ad. Group comp.es, including Ad. Green Energy and Ad. Ports, from stable to negative. These comp.es include Ad. Green Energy, Ad. Electricity Mumbai Limited, Ad. Transmission, Ad. Ports and Ad. International Container Terminal. On the other hand, American credit rating agency Fitch also downgraded the outlook of four comp.es of Ad. Group today. According to Fitch, the ratings of Ad. Group comp.es Ad. International Container Terminal Private Limited, Ad. Green Energy Limited, Ad. Ports, Ad. Energy Solutions Limited have been reduced from stable to negative.
