Fitch revises outlook on Adani Ports, Adani Energy to ‘stable’ from ‘negative’
Fitch Ratings has revised its outlook on two Adani group firms, Adani Ports and Special Economic Zone and Adani Energy Solutions, to ‘Stable’ from ‘Negative’, saying the contagion risks across the conglomerate have eased.
Fitch affirmed the two companies’ long-term issuer default ratings at ‘BBB-‘.
The agency also affirmed the ‘BBB-‘ ratings on Adani Electricity Mumbai Ltd’s (AEML) senior secured notes and those issued by Adani Energy Solutions Ltd’s (AESL) subsidiary, Adani Transmission Step-One Ltd.
