{"id":562210,"date":"2023-03-14T09:28:29","date_gmt":"2023-03-14T03:58:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562210"},"modified":"2023-03-14T09:48:18","modified_gmt":"2023-03-14T04:18:18","slug":"fitch-affirms-bbb-ratings-for-adani-electricity-mumbais-dollar-bond","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-affirms-bbb-ratings-for-adani-electricity-mumbais-dollar-bond\/","title":{"rendered":"Fitch Affirms &#8216;BBB-&#8216; ratings for Adani Electricity Mumbai&#8217;s dollar bond"},"content":{"rendered":"<p>Fitch Ratings affirmed &#8216;BBB-&#8216; rating on Monday for Adani Electricity Mumbai Ltd&#8217;s (AEML) dollar-denoinated senior secured notes due in 2030.<\/p>\n<p>The affirmation reflects the view that the Hindenburg report alleging governance issues at the Adani group has a limited near-term impact on AEML&#8217;s cost of funding and access thereof, at the current rating level.<\/p>\n<p>The rating agency said in a statement that high cash-flow visibility from regulated assets, regulator-approved capex and an adequate liquidity position with no major debt maturity till February 2030 further support AMEL&#8217;s financial flexibility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings affirmed &#8216;BBB-&#8216; rating on Monday for Adani Electricity Mumbai Ltd&#8217;s (AEML) dollar-denoinated senior secured notes due in 2030. The affirmation reflects the view that the Hindenburg report alleging governance issues at the Adani group has a limited near-term impact on AEML&#8217;s cost of funding and access thereof, at the current rating level. The rating agency said in a statement that high cash-flow visibility from regulated assets, regulator-approved capex and an adequate liquidity position with no major debt maturity till February 2030 further support AMEL&#8217;s financial flexibility.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-562210","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=562210"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562210\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}