Moody’s Investors Service has revised the ratings of four Adani Group companies to ‘stable’, a year after they were downgraded to ‘negative’ following a report by short-seller Hindenburg Research.
The rating agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL – RG-1), Adani Transmission Step-One and Adani Electricity Mumbai, it said in a statement.
Further, Moody’s affirmed a stable rating on another four companies. These are Adani Green Energy Restricted Group (AGELRG-2), Adani Ports and Special Economic Zone (APSEZ), Adani International Container Terminal (AICTPL) and Adani Energy Solutions Limited Restricted Group 1 (AESL RG1).
