New Delhi, Dec. 9 -- Moody's Ratings has upgraded the outlook of multiple Adani Group restricted entities and reaffirmed ratings, citing strong operational performance, fully amortizing debt structures, and ring-fenced project frameworks that reduce funding risks and help them insulate from the ongoing legal proceedings.

Moody's has revised the outlook for (Adani Green Energy Limited) AGEL Restricted Group 1 and AGEL Restricted Group 2 to Ba1/ Stable from Ba1/ Negative.

AGEL RG1 comprises of Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited, and Prayatna Developers Private Limited.

Whereas AGEL RG2 comprises Wardha Solar (Maharashtra) Private Limited, Kodangal Solar Parks Private Limited and Adani Renewable Energ...