Moody’s has revised the outlook of Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited (AEML) from Negative to Stable. Additionally, Moody’s has affirmed the Baa3 senior secured ratings for both companies. This change reflects Moody’s assessment of the improved financial stability and performance of the Adani Group’s energy sector entities.
Moody’s Assessment
Moody’s Ratings has updated its outlook for two key entities within Adani Energy Solutions. Specifically, the outlook for Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited (AEML) has been revised to Stable.
Rating Affirmation
In addition to the outlook revision, Moody’s has affirmed the Baa3 senior secured ratings for both Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited. Furthermore, Moody’s has also affirmed the (P)Baa3 senior secured MTN programme ratings for AEML.
Source: BSE
