India Ratings and Research has reaffirmed the credit ratings for Adani Ports and Special Economic Zone Limited. The ratings for Non-Convertible Debentures (NCDs) and bank loan facilities have been affirmed with a stable outlook. This reflects the company’s strong financial position and outlook.
Credit Ratings Reaffirmed
Adani Ports and Special Economic Zone Limited (APSEZ) has received affirmation of its credit ratings from India Ratings and Research. The ratings agency has reviewed the company’s financial instruments and maintained its positive assessment.
Details of Ratings
The following ratings have been reaffirmed:
- Proposed Non-Convertible Debentures (NCDs): IND AAA/Stable, with an issue size of Rs. 50 Billion.
- NCDs: IND AAA/Stable, with an issue size of Rs. 58.52 Billion.
- Commercial Paper: IND A1+, with an issue size of Rs. 67 Billion.
- Bank Loan Facilities: IND AAA/Stable/IND A1+, with an issue size of Rs. 10 Billion.
The stable outlook indicates that India Ratings expects the company to maintain its credit profile. This announcement was made on October 16, 2025.
Source: BSE
