The global ratings agency also upgraded the rating on Adani Ports' senior unsecured notes to 'BBB' and assigned a stable outlook, reflecting its expectation that the company will maintain a net debt-to-EBITDA ratio of around 2.6 times over the next 12 to 24 months despite elevated capital expenditure.
S&P Global has upgraded Adani Ports' rating to 'BBB' with a stable outlook, reflecting confidence in its strong cash flows supporting expansion plans. The global ratings agency also upgraded the rating on Adani Ports' senior unsecured notes to 'BBB'. This upgrade anticipates the…
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