New Delhi, March 12 -- Fitch Ratings has affirmed Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' and removed it from Rating Watch Negative (RWN), while maintaining a Negative Outlook.

According to an article on the website of Fitch, the the affirmation follows the Adani group's demonstration of adequate funding access, particularly after the US indictment of board members from another group entity, Adani Green Energy Limited, in November 2024.

Fitch believes the risk surrounding the group's liquidity and funding needs has moderated, but the Negative Outlook reflects concerns over the potential impact of ongoing US investigations. The outcome of these investigation...