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Fitch removes Adani Energy from 'Rating Watch Negative' list, hails long-term revenue visibility
The Statesman Bhubaneswar
|March 11, 2025
Fitch Ratings has affirmed Adani Energy Solutions Limited's (AESL) long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-', removing the company from 'Rating Watch Negative' list.
Fitch has affirmed the ratings as the Adani Group has demonstrated adequate funding. "We believe the risks associated with the group's liquidity and funding requirements have moderated," said the global ratings agency.
AESL has demonstrated adequate funding access since the US action, having drawn Rs 51 billion from onshore and offshore banking facilities.
The group company, AGEL, has also raised onshore funding to refinance its $1.1 billion construction-linked facility, which was due in March 2025.
Esta historia es de la edición March 11, 2025 de The Statesman Bhubaneswar.
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MÁS HISTORIAS DE The Statesman Bhubaneswar
The Statesman Bhubaneswar
Chhath festival begins in UP
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The Statesman Bhubaneswar
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The Statesman Bhubaneswar
Bengal SIR: CEO’s office to introduce two-tier electoral administration
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The Statesman Bhubaneswar
Illegal commercial complex razed in Meerut on SC orders
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1 min
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The Statesman Bhubaneswar
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1 mins
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The Statesman Bhubaneswar
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3 mins
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The Statesman Bhubaneswar
Centre to set up 10 new IICTs to boost media, digital sectors
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1 min
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The Statesman Bhubaneswar
Malda traders seek extension for Income Tax return filing
The Malda Merchants' Chamber of Commerce and Industry (MMCCI) has urged Union finance minister Nirmala Sitharaman to extend the deadline for filing Income Tax Returns (Audit) for the Assessment Year 2025-26.
1 min
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The Statesman Bhubaneswar
LIC rejects Washington Post allegations, Cong demands JPC probe
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The Statesman Bhubaneswar
Naval commanders’ meet focuses on readiness, security
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1 min
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