Moody’s Investors Service on Monday revised the outlook on Adani Abbot Point Terminal Pty Ltd’s (AAPT) ratings to stable from positive and affirmed the Ba2 senior secured ratings.
AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor, North Queensland Bulk Port Authority.
“The outlook revision to stable considers the weakening operating conditions and rising environmental, social and governance (ESG) risks facing AAPT’s coal mining counterparties,” said Moody’s Senior Vice President Arnon Musiker.
