Adani Ports, Adani Green, Adani Energy Solutions get JCRA landmark ratings
Ahmedabad, Jan 30 : In a significant milestone for the Adani Group’s global credit journey, Japan Credit Rating Agency (JCRA) has initiated ratings of three Portfolio companies — Adani Ports and SEZ (APSEZ), Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL) — assigning long-term foreign currency credit ratings with a ‘Stable’ outlook to all three companies, it was announced on Friday. Japan’s leading rating agency assigned Adani Ports and Special Economic Zone Ltd. (APSEZ) a A- (Stable) rating, representing a rare breach of the sovereign threshold by an Indian corporate by an international rating agency. Moreover, Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL) have each been rated BBB+ (Stable). These ratings are at par with India’s sovereign rating of BBB+. “These landmark ratings reflect the Adani Group’s commitment to disciplined financial management, strengthening balance sheet fundamentals, and world-class execution across our diversified infrastructure platform,” said Jugeshinder Singh, Group CFO, Adani Group. “They reaffirm the depth and resilience of our business model and reflect the confidence global lenders, institutional investors, and capital markets place in our long-term strategy.