Last month, credit-rating agency Moody's downgraded ratings outlook for some of the group's companies, while American index MSCI said that it would cut the weightings of some in its stock indices. It announced that it would reduce the free float designations for four Adani group companies in multiple indices. These companies had a combined 0.4% weighting in the MSCI Emerging Markets Index as of January 30. Apart from Adani Enterprises, the MSCI cut the free floats assigned to Adani Total Gas, Adani Transmission and ACC.