Moody's Upgrades Outlook to Stable for Three Adani Group Companies

Moody's Ratings has upgraded the outlook for three Adani Group companies—Adani Ports Special Economic Zone (APSEZ), Adani Transmission Step-One Ltd (ATSOL), and Adani Electricity Mumbai Ltd (AEML)—from negative to stable, reaffirming their Baa3 ratings. The upgrade reflects improved liquidity and strong financial profiles, with Moody's expecting these firms to maintain sufficient liquidity and investment-grade credit profiles over the next 12 to 18 months. The Adani Group highlighted this as a sign of its financial discipline and commitment to India's development.