Moody’s assigns Baa2 to Adani Transmission’s $400 million senior secured bonds
MUMBAI: Moody’s Investors Service has assigned Baa2 rating, with a negative outlook, to Adani Transmission’s 30-year dollar backed senior secured bonds, part of a $400 million bond refinancing programme.
The senior secured bonds comprise Series A bonds of $310 million and Series B bonds of $90 million.
The issue is by Adani Transmission Ltd Restricted Group (ATL RG), which includes seven wholly owned subsidiaries — Raipur-Rajnandgaon-Warora Transmission Limited, Sipat Transmission Limited, Chhattisgarh-WR Transmission Ltd, Hadoti Power Transmission Service Limited, Barmer Power Transmission Service Ltd, Thar Power Transmission Service Ltd and Adani Transmission (Rajasthan) Ltd.
