Moody’s turns Adani outlook to stable

Moody’s Investors Service said it affirmed the ratings of the Adani group companies, maintained the stable outlook in many of them and revised the outlook in the others to stable from negative.

The companies with the improved outlook are Adani Green Energy Ltd., Adani Green Energy Restricted Group (AGEL RG-1) consisting of Adani Green Energy (UP) Ltd., Parampujya Solar Energy Private Ltd. and Prayatna Developers Private Ltd., Adani Transmission Step-One Ltd., and Adani Electricity Mumbai Ltd.

The agency noted their improved financial flexibility.

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