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Moody's affirms Adani Group subsidiaries' ratings with a stable outlook, citing operational stability.
Summary
Moody's has revised the outlook to stable for Adani Group's energy and renewable subsidiaries, affirming their ratings. This decision reflects the companies' stable operations, predictable cash flows, and debt structures, despite risks associated with state discoms and long-term license periods.
Key Points
- Moody's has changed the outlook to stable for Adani Energy Solutions and Adani Green.
- Ratings were affirmed for the Adani Group subsidiaries.
- The stable outlook is due to steady operations and predictable cash flows.
- Risks include those related to state discoms and long-term license periods.
Full Article
Moody’s revises its outlook to stable for key Adani Group energy and renewable subsidiaries, affirming their ratings on the back of steady operations, predictable cash flows and fully amortising debt structures, while noting manageable risks tied to weak state discoms and long-term licence periods.
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