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An announcement from Adani Ports & Special Economic Zone Ltd ( (IN:ADANIPORTS) ) is now available.
Japan Credit Rating Agency has initiated long-term foreign currency ratings on three Adani Group infrastructure companies, assigning APSEZ an A- with a stable outlook—one notch above India’s sovereign rating—and AGEL and AESL BBB+ with stable outlooks, at par with the sovereign. The above-sovereign rating for APSEZ and sovereign-level ratings for AGEL and AESL mark a significant step in the group’s global credit profile, signalling strong balance sheets, diversified assets and resilient cash flows, and are likely to enhance the group’s access to international capital and reinforce its positioning as a key partner in India’s infrastructure development.
More about Adani Ports & Special Economic Zone Ltd
Adani Ports and Special Economic Zone Ltd (APSEZ) is a leading Indian infrastructure company operating ports and special economic zones, providing cargo handling, logistics and related services that support India’s trade and infrastructure build-out.
Average Trading Volume: 98,962
Technical Sentiment Signal: Buy
Current Market Cap: 3143.1B INR
Find detailed analytics on ADANIPORTS stock on TipRanks’ Stock Analysis page.