Fitch raises outlook for Adani Ports and Adani Energy to ‘stable’

Fitch Ratings has upgraded its rating outlook on Adani Ports and Special Economic Zone (APSEZ) and Adani Energy Solutions (AESL) from ‘negative’ to ‘stable’ as it believes contagion risks for these Adani group companies have diminished.The rating agency also maintained ‘BBB-‘ rating for the two companies and for Adani Electricity Mumbai (AEML). Fitch said the […]