Why S&P just upgraded Adani Ports’ credit rating
S&P Global Ratings on Thursday, June 25, upgraded Adani Ports and Special Economic Zone Ltd (APSEZ) to ‘BBB’ from ‘BBB-‘, marking a one-notch improvement driven by the company’s strong operating cash flows and a considerably leaner balance sheet compared to two years ago. The upgrade takes APSEZ further into investment-grade territory and could help lower…
