Moody's Ratings Upgrades Outlook for Three Adani Group Firms to 'Stable'

Moody's Ratings revised the outlook for three Adani Group entities from negative to stable. The affected companies are Adani Ports & Special Economic Zone (APSEZ), Adani Transmission Step-One Ltd (ATSOL), and Adani Electricity Mumbai Ltd (AEML).

Concurrently, the credit rating agency reaffirmed the 'Baa3' ratings for all three firms. Moody's expects the companies to maintain credit profiles consistent with these ratings over the next 12 to 18 months.

Moody's attributed the stable outlook upgrade to the companies' improved liquidity and robust financial profiles.

Reports noted no significant market reaction for Moody's Corporation (MCO) stock following the announcement.