Adani Energy Solutions has received credit ratings as under:
1 ICRA - Reaffirmed the credit rating of Commercial Papers as ICRA A1+.
2 India Ratings & Research - Reaffirmed the credit ratings of the Company and its operating subsidiaries as debt rated at 'IND AA+'/Stable.
3 Moody's
- Adani Transmission Step-One (ATSOL) a subsidiary of the Company - Baa3 ratings affirmed; outlook changed to negative from stable.
- Adani Transmission Restricted Group 1 (AESL RG1), which comprises Barmer Power Transmission Service; Raipur-Rajnandgaon-Warora Transmission; Sipat Transmission ; Thar Power Transmission Service ; Hadoti Power Transmission Service ; Chhattisgarh-WR Transmission - Baa3 ratings affirmed; outlook changed to negative from stable.
- Adani Electricity Mumbai (AEML) - Baa3 ratings affirmed; outlook changed to negative from stable.
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4. Fitch Ratings
- Placed Adani Energy Solutions' (AESL) LongTerm Foreign- and Local-Currency Issuer Default Ratings of 'BBB-' and the 'BBB-' ratings on Adani Electricity Mumbai's (AEML) senior secured notes on Rating Watch Negative (RWN). The 'BBB-' ratings on the notes issued by AESL's subsidiary, Adani Transmission Step-One, have also been placed on RWN.
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