Rare Default on Green Bond in India Flags Broader Credit Strains
Water pours down an irrigation channel from a groundwater pump and well next to a field of rice growing on farmland in the Bhagpat district of Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Rare Default on Green Bond in India Flags Broader Credit Strains

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(Bloomberg) -- An Indian irrigation company has been cut to default by S&P Global Ratings after it failed to pay interest on its green dollar bond, in a further sign that stress among local firms i...
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