Adani Group is 'deeply over leveraged' — what does this mean? - The Indian Express

The Adani Group is “deeply over leveraged”, and may, “in the worst-case scenario”, spiral into a debt trap and possibly a default, Bloomberg, quoting CreditSights, has reported. When is a company ‘over leveraged’? What can happen to it?

Bloomberg, quoting CreditSights, a unit of the credit ratings agency Fitch, reported this week that the Adani Group is deeply over leveraged, and may, in the worst-case scenario, spiral into a debt t… [+3252 chars]

full article...