Page 7 - Adani Ports And Special Economic Zone
Rating agency Moody's revises Adani Ports outlook to stable from negative
Global ratings agency Moody's Investors Service revised up its outlook on Adani Ports and SEZ (APSEZ) to stable from negative today on stabilisation in operative performance and dip in leverage. The action by Moody's comes four days after a similar call by Standard and Poor's. Moody's has affirmed the issuer and senior unsecured ratings at Baa3 for the company. "The change in APSEZ's ratings outlook to stable reflects the stabilisation in the company's operating performance and a decline in its financial leverage," Moody's vice president Abhishek Tyagi said. The negative outlook was driven by weakened operating performance and financial metrics, he said, adding APSEZ has taken a slew of initiatives to improve on the same. Just like the commentary from S&P, related party loans also found a mention in the Moody's statement today with the agency saying there has been a "material reduction" in lending which was "clouding" the credit profile previously. Fitch Ratings, which also .
 "Rating agency Moody's revises Adani Ports outlook to stable from negative")
Crisil names Adani Ports & SEZ as non-cooperative issuer
Company failed to provide information for rating process
Adani Ports gains on stable outlook for NCD issue
India Ratings has assigned 'IND AA+' rating with a stable outlook
 "Adani Ports gains on stable outlook for NCD issue")
Adani Ports dips over 10% post Q4 results
The stock dipped 11% to Rs 210, its sharpest fall since August 24, 2015 on the BSE in intra-day on back of heavy volumes.
 "Adani Ports dips over 10% post Q4 results")