Adani Ports & Special Economic Zone gets ratings assigned for NCDs

From ICRA

Adani Ports & Special Economic Zone announced that ICRA has assigned "[ICRA] AA+, Stable"(pronounced as [ICRA] double A plus, Stable Outlook) rating for Non-Convertible Debentures (NCDs) worth Rs. 6884 crore to the Company.

The rating limits have been enhanced by Rs. 4500 crore and ICRA has withdrawn rating limits worth Rs. 1416 crore (from the earlier rating limit of Rs. 3800 core) on account of redemption of the amounts.

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