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S&P ups outlook on Adani Ports to stable from negative

Company should also commit to maintain funds from operations to debt ratio at 15-20%

Press Trust of India  |  Mumbai 

Global ratings agency Standard and Poor's (S&P) on Wednesday revised up the outlook on Adani Ports to 'stable' from 'negative' on expectation of better operating performance and limiting related-party lending. "Our stable outlook reflects our expectation that Adani Ports & SEZ will maintain consistent operating performance and leverage, and limit related-party transactions over the next 12-24 months," the agency said in a note. The agency, however, affirmed its rating on the company at 'BBB-' as it expects the company, which runs the largest ...

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First Published: Wed, June 14 2017. 21:13 IST
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