Economy · India
S&P Upgrades Adani Ports Rating to BBB, Citing Strong Performance
S&P Global Ratings has upgraded Adani Ports and Special Economic Zone (APSEZ) to 'BBB-' from 'BB+', assigning a stable outlook. The rating agency cited the company's strong cash flows and balance sheet strength as reasons for the upgrade. This new rating places Adani Ports at a level equivalent to India's sovereign rating. S&P expects APSEZ to maintain strong operating performance and a stable net debt-to-EBITDA ratio over the next 12-24 months.
How outlets across the spectrum covered it
Left 1 · Centre 1 · Right 0 n = 2
- Left (1): The Hindu
- Centre (1): NDTV