Stable cash flows to aid Adani Group’s debt commitments: Rating firms
Adani Group companies have been affirmed by both international and domestic rating agencies, including Fitch and Moody’s, as well as CRISIL, India Ratings & Research (Ind-Ra), CareEdge, and ICRA, due to stable cash flows from its operating companies, the group said about its credit profile.
This comes despite a recent change in S&P’s outlook on Adani Ports and Special Economic Zone and Adani Electricity Mumbai.
On Adani Green Energy’s (AGEL’s) cash flow, Moody’s said its cash flows are stable, given the geographic diversification of its generation fleet that reduces its exposure to potential fluctuations in the availability of solar and wind resources.
