Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings

Adani Transmission and Adani Ports and Special Economic Zone Limited (APSEZ) are exposed to higher contagion risks, which could affect financial flexibility, if not addressed properly, rating agency Fitch Ratings said in a report on Wednesday.

“The governance weaknesses at the sponsor level and other Adani group entities expose even the group’s stable cash-generative corporate-like issuers, Adani Transmission and Adani Ports and Special Economic Zone, to higher contagion risks, which could affect financial flexibility, if not addressed properly. Our lower governance assessment now constrains their ratings at ‘BBB-‘,” the release said.