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The Latest Breaking News from CreditSights

Bumpy ride for billionaire brothers who banked on Asda’s success

Blackburn’s Moshin and Zuber Issa took over the supermarket promising investment to make it the UK’s second-largest chain, but the pandemic and cost of living crisis meant it did not go to to plan

The Guardian - UK

Evan Ramstad: 3M averts worst-case scenarios with PFAS settlement, but more pain is ahead

It's hard to keep track of all the lawsuits 3M is dealing with and to judge whether the company can afford to pay the billions of dollars that litigants want.

Tribune News Service

Analysts coin the 'TSwift Lift' for the revenue bump businesses get when Taylor Swift's Eras Tour comes to town

Higher hotel revenue is part of an estimated $4.6 billion the tour generates for the U.S. economy.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Fitch upbeat on post-poll outlook for bank sector

Pro-growth policies and the absence of protests after the election are positive signs for Thai banks and the economy, but uncertainties remain as the winning parties try to form a coalition government, says global financial information provider Fitch Group.

Bangkok Post

Hindenburg shorts India’s Adani citing debt, accounting concerns

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

Al Jazeera

Will Elon Musk really let Twitter go bust?

Advertising shortfall and issues over subscription revenues should worry new owner given huge level of debt

The Guardian - UK

Forbes Billionaires List: Gautam Adani second richest man in world

The list showed Adani's total net worth at around $ 154.4 billion as of September 16. Read more on Dynamite News:

Dynamite News

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NDTV | The outlier in a noisy television news space

The channel that has played a role in modernising India’s TV news reporting and has never shied away from taking critical positions on the government could be controlled by the Adani Group soon

The Hindu

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

India's Adani Group, controlled by billionaire Gautam Adani, is "deeply overleveraged" and its many investments in capital-intensive businesses could pose long-term risks to investors, Fitch Group's debt research unit CreditSights said on Tuesday. Read more on Dynamite News:

Dynamite News

Morning Digest | Sonia Gandhi urges Ashok Gehlot to ‘lead’ Congress; Bihar’s Mahagathbandhan govt. to prove majority today, and more

Here’s a select list of stories to read before you start your day

The Hindu

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

The Fitch Group research unit ‘s report warned of the worst-case scenario of a potential default.

Al Jazeera

Elon Musk’s takeover financing deal could clip Twitter’s wings

The Tesla tycoon’s complex bid for the social media platform will load the tech firm with debt

People

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