New Delhi, March 10 -- Fitch Ratings has removed Adani Energy Solutions from 'Rating Watch Negative' and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'.

In a statement Monday, Fitch affirmed the said ratings, noting that the Adani group "has demonstrated adequate funding access" since the US indictment of certain board members of another group entity, Adani Green Energy Limited (AGEL), on 20 November 2024.

"We believe the risks associated with the group's liquidity and funding requirements have moderated," the global rating agency said in its statement.

However, the outlook is negative to reflect Fitch's view that the proceedings and outcome of the US investigations could reveal that the grou...