Adani Ports & Special Economic Zone gets credit ratings assigned

For proposed foreign currency denominated bonds issuance

Adani Ports & Special Economic Zone announced that Moody's, Fitch Ratings and S & P Global Ratings has assigned following provisional rating to the proposed foreign currency denominated bonds issuance by the Company:

i) Moody's Investors Service - Baa3 rating. The outlook on the rating is negative

ii) Fitch Ratings - 'BBB- (Exp)' rating. The outlook on the rating is stable

iii) S & P Global ratings - 'BBB-'rating. The outlook on the rating is negative

Further, the senior management team of the Company together with the joint lead managers appointed for the proposed issue of foreign currency denominated bonds shall engage in meetings and presentations with institutional investors, analysts, amongst others, outside of India, in relation to the proposed issuance.

 

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