Adani Ports receives rating upgrade from S&P
pre-market1 source ↓written by the desknot a recommendation
Adani Ports and Special Economic Zone Ltd has been upgraded to a 'BBB' long-term issuer credit rating from 'BBB-' by S&P Global Ratings. The upgrade reflects the company's strong operating performance and disciplined leverage policy, supporting a net debt to EBITDA ratio of 2.6 times even amid high growth spending. This rating is expected to bolster investor confidence and may enhance funding opportunities for future expansions.
Not investment advice. For informational purposes only.