Chennai, Jan. 15 -- Moody's Ratings (Moody's) has today affirmed the Adani Ports and Special Economic Zone Limited's (APSEZ) Baa3 issuer and senior unsecured ratings.
At the same time, we have revised the outlook on APSEZ's ratings to stable from negative., it said.
"The stable outlook reflects our expectation that APSEZ would maintain solid access to liquidity and a credit profile in line with its Baa3 rating over the next 12-18 months. APSEZ's robust financial profile is supported by the discretionary nature of its planned capital spending for growth and funding access," Moody's said.
According to Moody's the affirmation of APSEZ's ratings further captures the company's strong market position as India's largest port developer and opera...