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The Latest Breaking News from CreditSights

ICICI Bank prices $1 billion debt in largest dollar issue by Indian private lender

ICICI Bank successfully issued a five-year dollar bond worth $1 billion, achieving a notably tighter spread. This offering stands as the largest for an Indian bank in almost fourteen years. With a coupon set at 100 basis points above U.S. Treasuries, it surpassed initial expectations. The offering utilized the central…

The Economic Times

Broadcom’s Best Catalyst Yet Might Be Hiding in 2026 Forecasts

One analyst is projecting a 36% increase in hyperscaler CapEx in 2026. Semiconductor leader Broadcom could be a significant beneficiary.

MarketBeat

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

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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

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

Adani Group touts 'very healthy' balance sheet in bid to calm investors

NEW DELHI: Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller.

The Times of India

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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

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

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The Times of India

Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Guardian - UK

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

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