Fitch upgrades Adani Ports outlook to 'Stable' as group shows diversified funding sources despite US indictment

New Delhi [India], November 4 (ANI): The outlook of Adani Ports and Special Economic Zone Limited (APSEZ) has been revised by Fitch Ratings to Stable from Negative. It has also affirmed its Long-Term Foreign-Currency Issuer Default Rating (IDR) and unsecured note rating at 'BBB-'.

The revision reflects easing contagion risk associated with APSEZ, as the group has demonstrated access to diversified funding sources