Fitch affirms Adani Ports at 'BBB-', outlook negative

New Delhi: As if the severe beating of share prices of Adani Group companies was not enough, Fitch Ratings has now assigned negative outlook on Adani Ports and Special Economic Zone Ltd affirming the long term foreign currency Issuer Default Rating (IDR) at 'BBB-'.

Adani Ports’ underlying credit profile has been assessed by the ratings agency at 'bbb' while its rating is capped by India's Country Ceiling of 'BBB-', Fitch Ratings has said.

The Adani Grp stocks have had severe dressing down on the stock markets after reports of NSDL freezing three Foreign Portfolio Investment accounts of Adani Grp companies.

 

menu
menu