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Fitch Upgrades Credit Rating of Adani Energy Solutions
The New Indian Express Tirunelveli
|March 11, 2025
IN a boost to Adani Energy Solutions (AESL), Fitch Ratings has upgraded the company's credit rating at 'BBB-' from its 'Ratings Watch Negative' list.
This is the first upgrade by the international ratings agency since the US indictment of certain board members of its another group entity, Adani Green Energy Limited (AGEL) in November 2024. It means AESL is considered financially healthy and capable of repaying its debts.
The ratings agency has assigned a "Negative Outlook" to AESL, indicating that there are still some potential risks on the horizon.
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