Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Adani Abbot Point Terminal Pty. Ltd. > News item |
Moody's rates Adani notes Baa3
Moody's Investors Service said it assigned a definitive Baa3 senior secured rating to Adani Abbot Point Terminal Pty. Ltd.'s $150 million of senior secured fixed-rate notes issued in two tranches: $140 million due in 2021 and $10 million due in 2024. The outlook is stable.
The agency said Adani Abbot Point’s Baa3 rating primarily reflects its strong market position and the stability of its operating cash flows derived under the take-or-pay agreements with its counterparties over the entire terminal capacity.
However, the rating is constrained by the group's high financial leverage and the challenges facing the coal mining sector as commodity prices continue to face downward pressure due to growing supply in key export markets, Moody’s added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.