Fitch Ratings has revised the outlook for Adani Ports and Special Economic Zone Limited to Positive from Negative. This revision applies to the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR). Fitch has also affirmed the ratings at ‘BBB-‘. The ratings reflect the company’s strong operational performance and improved financial risk profile.
Fitch Revises Outlook for Adani Ports
Adani Ports and Special Economic Zone Limited (APSEZ) has received a revised outlook from Fitch Ratings, upgrading it from Negative to Positive. This change reflects a more optimistic view of the company’s long-term financial stability and growth prospects.
Rating Affirmation
In addition to the outlook revision, Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘. This rating indicates a stable and investment-grade credit profile, suggesting the company is capable of meeting its financial obligations.
Key Factors for Revision
The ratings agency’s decision is based on an assessment of the company’s financial and operational performance. The revised outlook indicates improved confidence in Adani Ports’ ability to maintain a strong credit profile over the coming years.
Source: BSE
