Fitch ups rating outlook for Adani Ports, Adani Energy to ‘stable’
Fitch Ratings has upgraded its outlook for Adani Ports and Adani Energy Solutions to stable. The agency believes contagion risks for these Adani group companies have eased. Fitch maintained the BBB- rating for both companies and Adani Electricity Mumbai. The Adani group has shown access to diverse funding sources. Investments are continuing with capital expenditure picking up.
Fitch Ratings has upgraded its outlook for Adani Ports and Adani Energy Solutions to stable. The agency believes contagion risks for these Adani group companies have eased. Fitch maintained the BBB- rating for both companies and Adani Electricity Mumbai. The Adani group has shown access to diverse funding sources. Investments are continuing with capital expenditure picking up.
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