💨 Abstract

Fitch Ratings affirmed Adani Ports and Special Economic Zone Limited's Long-Term Foreign-Currency Issuer Default Rating at 'BBB-' and removed it from Rating Watch Negative, maintaining a Negative Outlook. This decision follows the Adani group demonstrating adequate funding access, particularly after the US indictment of board members from another group entity in November 2024.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖