Fitch Ratings Upgrades Outlook on Adani Ports and Adani Energy to ‘Stable’ Amid Improved Financial Flexibility and Reduced Contagion Risk
In a significant boost to investor confidence, Fitch Ratings has upgraded the credit outlook for Adani Ports and Special Economic Zone Ltd (APSEZ) and Adani Energy Solutions Ltd (AESL) from ‘Negative’ to ‘Stable’, while affirming their long-term issuer ratings at ‘BBB-’. The revision reflects the global rating agency’s assessment of reduced contagion risk across the…