S&P Global Ratings revised outlook on Adani Ports and Special Economic Zone to stable and affirmed at "BBB-" (Local Currency LT) credit rating

June 15, 2017 - CBonds

 

S&P Global Ratings affirmed the "BBB-" Local Currency LT credit rating of Adani Ports and Special Economic Zone on June 14, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: Adani Ports and Special Economic Zone
Issuer profile:
APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra. APSEZ Port Business is integral to its Logistics Business done in the name of Adani Logistics Ltd... more
Outstanding issues:
3 issuesUSD1,650,000,000
15 issuesINR40,190,000,000
Issuer rating:
Moody's Investors ServiceBaa3/StableLT- foreign currency06/19/2017
Moody's Investors ServiceBaa3/StableLT- local currency06/19/2017
S&P Global RatingsBBB-/StableForeign Currency LT06/14/2017
S&P Global RatingsBBB-/StableLocal Currency LT06/14/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)07/19/2016