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Adani Transmission rating not impacted by RInfra talks:Moody's

Press Trust of India  |  New Delhi 

Investor Service today said Adani Transmission's rating is not immediately affected by its announcement about talks with Infrastructure for acquiring certain assets.

Adani Transmission Ltd's (ATL) Baa3 senior secured rating is not immediately affected by its announcement that it has entered into a period of exclusivity with Infrastructure for proposed of certain power generation, transmission and distribution assets of Reliance, the ratings agency said in a statement.

is not taking any rating action at this stage given that no binding offer has been made and the uncertainty around the ultimate final terms of any potential offer, it added.

"To the extent that a successful emerges, the impact on ATL's credit profile will likely be negative, given the significance of the and the likelihood that it would be substantially debt funded," Vice President and Senior Analyst Abhishek Tyagi said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 11 2017. 22:02 IST