Fitch upgrades Adani Ports to 'stable' amid US probe
Fitch Ratings upgraded Adani Ports and SEZ's outlook to 'stable' from 'negative', citing diversified funding access and easing contagion risks despite the 2024 US indictment of some Adani Green board members. The rating agency said APSEZ's liquidity, strong cash flows, and growing port network support resilience, projecting 10-15% annual cargo growth and stable earnings.