Adani Group Firms' Credit Outlook Upgraded by Moody's

Moody's has upgraded the outlook for three key Adani Group entities - Adani Ports & Special Economic Zone, Adani Transmission Step-One Ltd, and Adani Electricity Mumbai Ltd - from "negative" to "stable". The credit rating agency cited improved liquidity and robust financial profiles for the upgrade, and reaffirmed the three companies' ratings. Moody's expects the companies to maintain solid access to liquidity and investment-grade credit profiles over the next 12 to 18 months.