CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook

Economic Times ·
India Business & Economy

CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial…

Read original article on Economic Times →

Related news