Adani Enterprises Limited has informed the Exchange about Credit Rating
ADANIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings Limited has reviewed Adani Enterprises' credit profile and assigned/reaffirmed ratings on debt facilities totaling about Rs. 21,500 crore. A new Non-Convertible Debenture (NCD) issue of Rs. 2,000 crore was assigned a rating of CARE AA- with a Stable outlook. All existing facilities — including Rs. 1,000 crore NCDs, Rs. 2,000 crore Commercial Paper, and bank facilities of around Rs. 16,500 crore — were reaffirmed at AA-/A1+ with Stable outlook. CARE AA- indicates a high safety grade, and A1+ is the top short-term rating. The Stable outlook signals that the rating agency expects no near-term change in credit quality.
Positive/neutral for shareholders — reaffirmation of strong investment-grade ratings with a Stable outlook suggests continued lender confidence and steady borrowing costs. The new Rs. 2,000 crore NCD rating provides room for fresh fundraising, supporting growth plans without raising concerns about leverage.