Fitch Ratings downgrades dollar-denominated bonds of 2 cos of Azure Power Global

In addition, the rating watch negative reflects the continued lack of clarity in relation to the impact of Azure Power Global Limited's (APGL) unresolved internal controls and compliance framework matters, and the recent changes in management, on overall performance and financial flexibility of the restricted groups.

Fitch Ratings downgrades dollar-denominated bonds of 2 cos of Azure Power Global
In addition, the rating watch negative reflects the continued lack of clarity in relation to the impact of Azure Power Global Limited's (APGL) unresolved internal controls and compliance framework matters, and the recent changes in management, on overall performance and financial flexibility of the restricted groups.