New Delhi, Nov. 4 -- 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, despite the November 2024 US indictment related to certain board members of Adani Green Energy Limited.

Fitch stated "The Stable Outlook reflects Fitch's views on easing contagion risk associated with APSEZ, as Adani group has demonstrated access to diversified funding sources, despite the November 2024 US indictment".

Fitch said the group c...